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176 Lockhart Street Como, WA 6152

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176 Lockhart Street,
Como, WA 6152

Hotel, Motel & Leisure • Shops & Retail

Price information

Sale - Expression of Interest

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Key property information

Land area

Floor area

Zoning

Tenure type

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Map of 176 Lockhart Street

Directions
  • Train stations within 5 km of 176 Lockhart Street, Como, WA 6152Distance
    Canning Bridge Station715 m
    Bull Creek Station3.6 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 176 Lockhart Street, Como, WA 6152Distance
    Paterson St After Lockhart St85 m
    Gentilli Wy After Lockhart St271 m
    Gentilli Wy After Edgecumbe St272 m
    Paterson St Before Ley St310 m
    Paterson St After Ley St358 m
    POWERED BY HERE ©
POWERED BY HERE ©

Significant landholding and development site

Mt Henry Tavern site - first time offered for sale in 32 years!

RWC WA and Ascend Corporate are proud to present for sale one of the most anticipated freehold hotel investment offerings in recent years. A site of some 11,299sqm* having the benefit of four street frontages and situated in the riverside suburb of Como and is less than 8kms from the Perth CBD is being offered to the market for the first time in 32 years.

The site is partially occupied by the Mt Henry Tavern with that portion of the land being the subject of a lease to Golden Hotels Pty Ltd. A family-owned company that are very experienced hoteliers and highly regarded within the industry. Golden Hotels Pty Ltd owns and operates several other hotels/taverns both in the Perth Metro area and country WA.

The property falls within the City of South Perth and City of Melville joint development precinct known as the Canning Bridge Activity Centre Plan (CBACP). CBACP is a guide for land use and development within the 'activity centre' area in six specified precincts, which aims to establish the foundation for the future of the area and an implementation framework for improvements to infrastructure and land over time. The site has been designated as Mixed Use up to 10 storeys with discretionary height concessions up to 15 storeys subject to council approval.

The property features are:
• 100% freehold interest
• Land area: 11,299sqm*
• The property comprises a single level tavern building of some 886sqm* plus a covered drive-thru
• Leased area - that part of the lessor's land known as the Mt Henry Tavern - lettable area 5,575sqm*
• Lease Term - 1 July 2023 - 30 June 2028
• Option Term - 1 July 2028 - 30 June 2033
• Current Rental - $411,764 per annum plus GST
• Redevelopment clause in the lease
• Zoning; City of South Perth, Town Planning Scheme No. 6 - Canning Bridge Activity Centre

The tavern improvements include:
• Public bar
• Lounge bar
• Bistro dining area
• Drive-thru bottle shop
• Managers office commercial kitchen facility
• Cool rooms
• Dry store
• Male & female ablutions
• Enclosed service yard

For further information or to arrange an inspection please contact the agents:

Lance White
Ascend Corporate
0413 734 1...
lance@ascend.com.au

*Approximate

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Additional information

Property ID: 504417032Last Updated: 12 Nov 2024

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176 Lockhart Street
Como, WA 6152
RWC - WA
12-14 The Esplanade
PERTH, WA 6000
Ascend Corporate - West Perth
Ground Floor Suite 4, 1292 Hay Street
WEST PERTH, WA 6005

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