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For Sale
By Auction, 30th November 2022

63 James Street, Northbridge

Area: 182 m2
Fully leased freehold investment in the heart of Northbridge
Axia Corporate Property is pleased to present 63 James Street, Northbridge, For Sale by Public Auction.

The property is located in the heart of the action, on the main street of Northbridge, James Street. This location, highly desirable to tenants, is surrounded by other eateries, pubs, nightclubs and entertainment venues.

• Fully leased freehold property
• 182sqm land area
• 9m of frontage to James Street
• Located within Western Australia’s premier entertainment and hospitality precinct
• Located on the main street in Northbridge
• 200m to proposed ECU campus

The property is strategically located in proximity to the intersection of James and William Streets, providing a huge number of pedestrian thoroughfare day and night.

The City of Perth advises that the property is zoned “City Centre” Precinct 1 Northbridge which allows for a variety of uses. The height limit on the redevelopment is currently 33 metres with a plot ratio of 4.0:1.0. Proponents must undertake their own due diligence with relevant authorities as to the zoning and development potential.

The property is leased to a Japanese restaurant, trading as “Kobe Teppanyaki”, with the tenant having been in occupation since 2020. The current lease term expires on 31 October 2025 with a 2-year option.
Current Net Rental is $92,250 p.a. with the tenant paying outgoings.
Further tenancy information and lease details can be provided upon request.

The property is to be sold by Public Auction on 30th November 2022 to be held in the Jarrah Room of the Double Tree Hilton, 100 James Street, Northbridge, commencing at 10.30am.

For further information on this exceptional offering, and a copy of the Information Memorandum, please contact Franco Gangemi and Wayne Mitsikas.


Read More
Northbridge's main entertainment street Large frontage and exposure Popular tenant location

Property Details+

Building Area
182 m2
Tenure & Zoning
  • Leased Investment
  • Perth Train Station - 300m
  • Roe Street
Contact Franco Gangemi
Contact Wayne Mitsikas
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    0413 599 655
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    Wayne Mitsikas

    Wayne Mitsikas is one of the state’s leading Commercial Property Directors and in this capacity, has been involved in the mainstream commercial markets of Perth and been responsible for many significant sales and leasing transactions on behalf of some of the nation’s largest investors.

    Following graduation from Curtin University in 1994 with a Bachelor of Commerce, Wayne spent 8 years in valuations with both private enterprise and state government which provided him with sound industry knowledge prior to embarking on a career in agency. Prior to his current role at Axia, Wayne was a National Director of the Jones Lang LaSalle Capital Markets team responsible for many transactions in and around the Perth CBD.

    Wayne’s evolution through the property industry has provided him with the very best ingredients possible to advise and value add for clients of Axia and his strong client relationships bears testament to his standing in the property community.