92 Third Road,
Armadale, WA 6112
Shops & Retail
Price information
Sold
$1,500,000
Key property information
Land area
Floor area
Car spaces
Zoning
Tenure type
Sold on
Map of 92 Third Road
Rare Investment Opportunity - Amazing Location 1095sqm
This tightly held, prime piece of real estate has to be in Armadale CBD's most prominent position.
Maximum exposure is assured ass it is situated on the corner of Third road and Commerce avenue, opposite the new Armadale train station development and comprising of 3 fully leased retail shops + one older building used for storage and all sitting on 1095sqm of green titled land.
Zoned Strategic Regional Centre with 42m of frontage on third road + another 36m on Commerce Ave and 12 parking spots. Generating $91,798 Net pa means a healthy 6.1% net yield per annum
* Shop 1, Barber shop is leased till 2025 with a further 5 year option. $15,500pa + GST + Outgoings and fixed rent increases
* Shop 2, Fish and Chip shop is leased till 2027 with a further 5 year option. $19,065pa + GST + Outgoings and fixed CPI rent increases
* Shop 3, Snap Fitness is leased till 2027 with a further 5 year option. $61,803pa + GST + Outgoings with CPI increases
* Storage building - generates $3498 pa in rent.
For a copy of the Information Memorandum please contact Cam Wilson on 04137370... or cwilson@armadalerealestate.com.au
Maximum exposure is assured ass it is situated on the corner of Third road and Commerce avenue, opposite the new Armadale train station development and comprising of 3 fully leased retail shops + one older building used for storage and all sitting on 1095sqm of green titled land.
Zoned Strategic Regional Centre with 42m of frontage on third road + another 36m on Commerce Ave and 12 parking spots. Generating $91,798 Net pa means a healthy 6.1% net yield per annum
* Shop 1, Barber shop is leased till 2025 with a further 5 year option. $15,500pa + GST + Outgoings and fixed rent increases
* Shop 2, Fish and Chip shop is leased till 2027 with a further 5 year option. $19,065pa + GST + Outgoings and fixed CPI rent increases
* Shop 3, Snap Fitness is leased till 2027 with a further 5 year option. $61,803pa + GST + Outgoings with CPI increases
* Storage building - generates $3498 pa in rent.
For a copy of the Information Memorandum please contact Cam Wilson on 04137370... or cwilson@armadalerealestate.com.au
Property ID: 504473620Last Updated: 29 Feb 2024
04137370...
92 Third Road
Armadale, WA 6112
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