16 North Street,
Cottesloe, WA 6011

You are looking to build your dream home in Cottesloe.

You know the building application process can take months sometimes even years or perhaps you’re not quite ready to build but you to want buy into the Cottesloe area at today’s prices…

You also know if you buy a property today you are going to have to immediately start paying the water rates, the council rates, the land tax etc etc etc even if it’s rented on a residential basis!

So what if I told you that today you could buy a brilliant corner block of 769m2 with an existing 3 bedroom home with an additional 70m2 of shop attached in Cottesloe that has an existing retail tenant paying rent of over $28,000per annum plus outgoings plus GST?

And I also told you that the tenant is locked in on a near new 5 year lease term and will pay your annual water rates, council rates, Land tax and other outgoings.

Now throw in the mix that, as per the lease, that at any time during the lease term you can give 6 months’ notice to the tenant that you will be redeveloping the property and the tenant must then vacate!

You might well say that that is a dream situation…

Well 16 North Street, Cottesloe is now on the market and this property is leased to a retail tenant paying $28,212.96pa Nett plus Outgoings plus GST rent on a five year lease term and there is a 6 month redevelopment clause in the lease!

So now it’s no longer a dream now it’s your reality…

AUCTION DETAILS

DATE AND LOCATION
AUCTION TO BE HELD ON SITE AT 12NOON SATURDAY 15TH JUNE 2013, UNLESS THE PROPERTY IS SOLD PRIOR TO AUCTION DAY.

DEPOSIT
5% OF PURCHASE PRICE

SETTLEMENT
31ST JULY 2013.

CONTRACT OF SALE
TO BE ENTERED INTO BY THE SUCCESSFUL PURCHASER
IMMEDIATELY AFTER THE FALL OF THE HAMMER

GOODS AND SERVICES TAX
**** NIL GST PAYABLE

AUCTIONEER
RON FARRIS - 0411 137 788
PRINCIPAL OF RON FARRIS REAL ESTATE PTY LTD

INSPECT EVERY TUESDAY 9am - 10am or By Appointment

For full details and inspection please contact the consulting agent.