197 Brisbane Street

Perth WA 6000

MULTI-LOT SALE: 5 Ground floor Strata lots on the corner of Brisbane Street and Lake Street PERTH WA 6000.Lots 1, 2 & 3 are currently leased to two restaurants requiring a buyer to buy all 3 lots as a bundle. One tenant is on a monthly lease allowing an Investor to renegotiate a new lease or an owner-occupier to purchase and occupy the restaurant.The lots feature corner exposure to Brisbane Street and Lake Street with a combined street frontage of approximately 40sqm.Combined Strata Area: 375sqmLot 1 & part lot 2: Leased to 'Phi Yen Vietnamese' on a monthly holdover.Lot 3 & part lot 2: Leased to "Peasants Paradice" expiring 30 Nov 2025 with 5-year option to renew.Combined Rent: $116,523.54 pa net + GSTOutgoings: $25,762.00 pa + GSTPrice: All Offers InvitedLot 4 is currently leased to "Hair Boss" who have operated from the premises since Aug 2012 (11+ years). The current tenure expires on the 19th of August 2027 with a 5-year option to renew. The property features direct street exposure to Lake Street.Strata Area: 85 sqmCurrent Rent: $35,803.21 pa net + GSTOutgoings: $9,221.00 pa + GSTPrice: All Offers InvitedLot 5 is being sold with vacant possession. This is a fantastic opportunity for an owner-occupier to secure a tenancy in a high-profile location that has good exposure. The property will suit a large variety of operators including but not limited to cafe, Food, Retail and office (STCA)Strata Area: 86 sqmPrice: All Offers InvitedAll Strata Lots are zones Local Centre under the City of Vincent Town Planning Scheme No.2All Strata Lots are being sold by way of: Offers Invited.Contact Shannon, Jonathan or Con to arrange an inspection or to request a detailed IM Report......