118 Hobart Street

Mount Hawthorn WA 6016

UNDER OFFER!!Perth Commercial Property are pleased to present for sale an outstanding commercial investment opportunity with unparalleled exposure and positioning just off Scarborough Beach Road in the heart of the vibrant Mount Hawthorn town centre.Positioned on a 534sqm rectangular allotment, the property features approx 180sqm of building area and is ideally set back from Scarborough Beach Road, benefiting from high visibility, exceptional foot traffic, and ample parking at both the front and rear.Ideally located alongside the historic and much-loved community Axford Park, the property enjoys a picturesque setting among stunning established trees and sits within a lively precinct known for its unique character and community atmosphere. The location is further enhanced by its close proximity to The Mezz Shopping Centre, Mt Hawthorn coffee and restaurant strip and the iconic Paddington Ale House. Zoned District CentreThe property is leased to a Government tenancy - Racing and Wagering Western Australia (RWWA) - operators of the WA TAB, Australia's last state-owned betting agency. This property provides secure income with approximately 19 months remaining on a 7-year lease. The TAB has likely occupied the property since around 1972, marking nearly 50 years of occupancy.Gross Annual Rent (inclusive of outgoings) $93,357 + GST.FinancialsSubmission of Offers Closing 17 July 2025.Note vendor may accept an offer in advance of the closing date.