20/21 Queens RoadMount Pleasant WA 6153
Property Details for 20/21 Queens Rd, Mount Pleasant
Last Listing description (January 2019)
Fantastic investment opportunity offering not only a great net return but also an established long term lease in place till July 2023 with another 8 year option period taking the current lease to potentially July 2031!
This retail shop itself is located in a near new mixed use apartment complex situated in the leafy riverside suburb of Mount Pleasant. With a number of retail shops in this complex and plenty of local residents there is always plenty of activity to ensure the local businesses are well supported and successful.
The shop for sale is the prime corner shop with a great alfresco area and has the best retail exposure of all retail shops in this complex. The lessee is a popular local cafe that is going from strength to strength and building a loyal local following.
With all outgoings paid by the lessee (except management fees) this offers an investor a real set and forget investment and a perfect edition to your commercial portfolio or an excellent SMSF investment.
For further lease information and inspections please contact Dave Rowe on 0402 733 140.
Property History for 20/21 Queens Rd, Mount Pleasant, WA 6153
- 06 Dec 2018Sold for $800,000
- 10 Oct 2018Listed for Sale $820,000 (GST as going concern)
Recent sales nearby
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About Mount Pleasant 6153
The size of Mount Pleasant is approximately 2.8 square kilometres. There are 12 parks, covering nearly 9.3% of the total area. The population of Mount Pleasant in 2016 was 6684 people. By 2021 the population was 7456 showing a population growth of 11.6% in the area during that time. The predominant age group in Mount Pleasant is 50-59 years. Households in Mount Pleasant are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mount Pleasant work in a professional occupation.In 2021, 75.50% of the homes in Mount Pleasant were owner-occupied compared with 74.30% in 2016.
Mount Pleasant has 4,254 properties. Over the last 5 years, Houses in Mount Pleasant have seen a 76.89% increase in median value, while Units have seen a 63.90% increase. As at 31 May 2026:
- The median value for Houses in Mount Pleasant is $2,152,430 while the median value for Units is $1,220,344.
- Houses have a median rent of $980 while Units have a median rent of $820.
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