401 Scarborough Beach Road

Osborne Park WA 6017

The property is extremely well-located in the heart of Osborne Park, which is one of Perth's premier commercial and industrial precincts due to its access to the Mitchell Freeway and proximity to the Perth CBD only approximately 7 km's away. The property is situated less than 500 metres from the Mitchell Freeway via Hutton Street on/off ramp and the Powis Street access is also convenient. Reid Highway is a 7-minute drive north via the Mitchell Freeway which connects to the Tonkin and Roe Highways.The site is zoned "Development" under the city of Stirling's local planning scheme No 3. Several uses are permitted under the current zoning, including a mix of commercial, showroom, office a bulky goods retail as well as the site being in the Scarborough Beach Road Activity Corridor which sets out potential future development requirements and uses.The Property for sale offers a mix of secure long term and short term leases, appealing to investors, developers, and partial owner-occupiers. EG has secured a further 5 year lease, and shorter leases in the main building present development opportunities. Buyers can also potentially subdivide and sell the western portion, retaining the eastern portion for their own use or future development.- Situated in one of Perth's Premier commercial and industrial Precincts.- Substantial Total Land Area of 6711 m2.- Substantial total building areas.- Current holding income of approximately $450,000 P.A Gross - Opportunity for investors, Part owner Occupiers or developers.- Potential Subdivision Opportunity.- Excellent Main Road exposure and Dual Street Access. - Excellent access to the Mitchell freeway via Hutton Street and to the Perth CBD.401 Scarborough Beach Road, Osborne Park is For Sale at an asking price of $8.995 million ("Going Concern").Contact Jeff Braddock on 0412 934 694 jbraddock@bpga.com.au or reception@bpga.com.au