The offering comprises two adjoining retail strata units within the Plaza 817 commercial complex, offering prominent visibility to the extensive Beeliar Drive frontage.
More specifically, the offering consists of:
UNIT 1C (Lot 18)
Tenant: Pappa Rich – Malaysian & South East Asian Cuisine – dine-in and takeaway café
Strata area: 186 sqm*
Net lettable area: 140 sqm*
Car bays: 3 car bays (42 sqm*)
Storage area: 4 sqm*
UNIT 2C (Lot 19)
Tenant: Nene Chicken – Korean Fried Chicken – dine-in and takeaway café
Strata area: 161 sqm*
Net lettable area: 131 sqm*
Car bays: 2 car bays (26 sqm*)
Storage area: 4 sqm*
Investment Highlights:
– Two adjoining strata units with a combined strata area of 347sqm*.
– Current passing net income of $127,402* p.a. plus GST and outgoings.
– Solid leases in place with the same entity operating both businesses.
– Evolving Southern corridor catchment, providing tenant retention and ability for
reflective future rental upside.
– Located within a prominent complex with substantial patron parking, opposite the Cockburn Gateway Shopping Centre.
Building & Complex: The Plaza 817 commercial complex is configured into three seperate wings, the Properties are located in the central wing, facing Beeliar Drive. The surrounding properties within the same complex accommodate a variety of commercial tenants, including government entities, food and beverage offerings and medical consulting services. The building was constructed circa 2011, comprising of concrete tilt up wall panels, full height glazed shop facades, concrete floors and metal deck roofing. The Properties present well and are ideally configured to compliment their current use as a food and beverage offering.
Zoning: The City of Cockburn notes the properties as zoned “Mixed Use – Beeliar Drive Precinct” under the Local Planning Scheme (TPS3). Proponents must make their own inquiries regarding permitted uses and zoning confirmation.
Further lease information and copies of lease documentation will be provided upon request, to suitably qualified proponents only, subject to the execution of a confidentiality agreement.
For further information or to arrange an inspection, please contact the exclusive selling agents.
*Approx.
