235 Scarborough Beach Road

Mount Hawthorn WA 6016

THIS PROPERTY HAS SOLD!!! Perth Commercial Property as exclusive Selling Agents are pleased to offer for sale via submissions of offers this exciting opportunity at 235 Scarborough Beach Road, Mount Hawthorn.THE LOCATIONSituated within the developing, vibrant precinct of Mount Hawthorn, and only minutes from Leederville, Osborne Park, North Perth and the Perth CBD.Scarborough Beach Road along with Oxford Street represents the heart of Mount Hawthorn's commercial precinct, a lively and energetic place for business, dining and shopping - home to a diverse and growing array of commercial activity as well as being a highly sought after residential address.THE DETAILSSite improvements: 190m2 original development*Site area: 455m2* ApproximatelyThe property is positioned on the Corner of Scarborough Beach Road and Federation Street and across from the lovely Blackford Street park.The maintained improvements consist of 2 separate tenancies - both fronting Scarborough Beach Rd. One tenancy is occupied by a hairdresser and the other has recently become vacant.There is potential for up to a 4 story development STCA.STCA - subject to Council Approval.THE LEASE DETAILSShop 1HairdresserLeased to 31/03/26 (currently in second 8 year term)Annual income of $31,286 pa (GST Not Applicable)Rent reviews annuallyRecoverable outgoingsShop 2Recently vacantApprox 90m2ZONINGThe City of Vincent advises the property is zoned Mixed Use under the R80 schemeTHE FINANCIALSSale Price This property is offered for sale via submission of offers on or before 16 August 2022. The Vendor reserves the right to accept an offer in advance of the closing date. GST will not be applicable on the basis the seller is not registered for GST.2022 Statutory Outgoings:Water Rates $1,996Council Rates $3,542Land Tax $2,056Perth Commercial Property welcomes your enquiry.