Motivated Seller

Oxbridge Property Group is pleased to present Unit 1 & 2/ 130A Mount Bay Road, Perth, WA 6000. These two properties are currently tenanted for 5 years with yearly increase of 3% per year, for Bar & Restaurant and Liquor Store

Based on current rental $131,976 per annum, rental yield of Approx 5-5.75% for both properties which represent a good return of investment.

LOCATION HIGHLIGHTS
The properties are located to the fringe of the established inner city area which is formed to the Western side of Mounts Bay Road, a distance of approximately 1 km from the Perth CBD.

Surrounding development within the immediate vicinity of the property comprises predominantly modern commercial premises and includes the Quest Mounts Bay Road, Mount Hospital. This is a area of “Mixed use” being both residential and commercially orientated, with a tendency towards medical related businesses.

Vehicular access is good off Mount Bay Road providing easy access to the Perth CBD and with connections north and south to the greater metropolitan area by either the Kwinana or Mitchell Freeways.

EXECUTIVE SUMMARY
1/130A MOUNTS BAY ROAD
Title Details: LOT 66 Strata Plan S010934 Volume 2133 Folio 579
Property Details: Built in 1982, this property is located at the ground floor, retail strata unit of 290sqm plus store, which is currently utilised as a Bar and Restaurant.

The unit incorporates an original component of 249sqm, with a. Subsequent extension providing additional , adjoining accomodation. The access between the main unit and the adjoining unit is provided by way of a small corridor.

The restaurant is partitioned to provide an entry; three main dinning areas, with four dining booths; private dining room, office; separate male and female ablutions, dibbled ablution; restaurant bar; kitchen; and preparation area.

Lease and Tenancy Details: Current Lease Ending 7/2/2027
Current Rent: $85,176 per annum
Operationl Expenses: $52,000 + GST per annum
Rent Review - 3% on 1st of Feb each year

EXECUTIVE SUMMARY
2/130A MOUNTS BAY ROAD
Title Details: LOT 67 Strata Plan S010934 Volume 2133 Folio 580
Property Details: Built in 1982, this property is located at the ground floor, retail strata unit of 81sqm plus store, which is currently utilised as a Liquor Store.

The unit is presented on a primarily open plan basis, with a chiller situated to the rear and a service desk at the front. We note that internal access is provided to the adjoining unit , which is operated as a bar & restaurant

The restaurant is partitioned to provide an entry; three main dinning areas, with four dining booths; private dining room, office; separate male and female ablutions, dibbled ablution; restaurant bar; kitchen; and preparation area.

Lease and Tenancy Details: Current Lease Ending 7/2/2027
Current Rent: $46,800 per annum
Operationl Expenses: $26,000 + GST per annum
Rent Review - 3% on 1st of Feb each year

Contact Jonathan from Oxbridge Property Group 0422952688 today !


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