424 Scarborough Beach Rd,
Osborne Park, WA 6017

PERTH'S BLUE CHIP RETAIL COMMERCIAL PRECINCT
OUTSTANDING CENTRAL LOCATION
SURROUNDED BY HIGH PROFILE RETAILERS
HIGH SIDE OF A MAJOR ARTERIAL ROAD

Method of Sale - by Offers to Purchase with the contract supplied by Ron Farris Real Estate Pty Ltd

Deposit - 5% of purchase price

Settlement - to be discussed with the successful purchaser. Envisaged to be on or before 45 days from execution of acceptance of the contract.

PROPERTY DETAILS

Certificate Of Title
Lot 225 Plan 2809
Volume 401 Folio 183A

Zoning - Governed by the City of Stirling and is zoned Industry under the Local Planning Scheme No 3 (LPS 3). The current showroom use is a non-confirming use.

Frontage - The property enjoys a 40.23 metre frontage to Scarborough Beach Road with full access either side of the property to the rear where there is additional car bays or yard.

Site Area - The site is 4,300 square metre in size and is rectangular.

Car Parking - This site has 23 car parking bays at the front door with another 46 bays to the rear of the property. * Please note this area is currently used as storage hard stand*

Building - The building is an older style showroom warehouse approximately 1,250 square metres in area with showroom frontage to Scarborough Beach Road. This frontage has been renovated and is modern and clean visually. The property is in first class condition due to the exacting standards set by the current owner.

TENANCY DETAILS
Tenant - Jetstar Asset Pty Ltd Trading as Drovers Inside & Out

Lease Term - 5 years with 2 x 5 year Option periods

Lease Commencement Date - 25th November 2015

Rental - $260,000 per annum plus Variable outgoings and GST.

Rent Reviews - Annually equal to the Consumer Price Index with a Market Review at the exercising of the Option periods.

Drovers Inside & Out - This is Drovers Inside & Out’s third outlet in the Perth metro area. They have a proven track record over 8 years of trading. They sell indoor and outdoor furniture and items of decoration for the home.

General - Located on the high side of Scarborough Beach Road in the highly sought after area and blue chip retail precinct of Osborne Park. This stretch of Scarborough Beach Road is a mecca for high profile retailers of all descriptions including Harvey Norman, Good Guys, Lazyboy, Nick Scalli Furniture, Office works the list is long. However the other benefit of this site is the amount of advertising dollars spent annually by these companies that attract a huge influx of potential clients.
Located just 6kms north of the Perth CBD and easily accessed by the Perth freeway network.