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For Sale – Investment Opportunity
Negotiable
For Sale – Investment Opportunity
134A & 134B Hampton Road, Fremantle
Two Shops of a strata plan on one common land parcel. Both shops leased – a current return of $54, 873 p.a. minus rates. Zoning of land is mixed use or Commercial/Residential.
One shop consists of a one bed apartment with front showroom – Leased to a Wall Coating Business.
Second shop is leased to a specialised bakery and confectionary.
Property has two street frontages, parking at rear for 4 cars. The rear street consists of residential properties – medium price in excess of one million dollars.
The property has potential for a rear mezzanine one bed studio apartment situated over the current 4-bay parking area. Or a future development plan: Knock-down two existing buildings; erect in place, two residential apartments with two shops or showrooms underneath.
Noting: Land value alone would be $820,000 plus based on two separate lots of $410,000 being a wide frontage, added onto that of todays building costs @ $2000 per sqm x 129sqm = $258,000 - A total replacement cost of more than $1,078,000
Asking price, from: $899,000 negotiable
Enquires, email: lov******@******com
Or email: d.s******@******com
Please note: Am oversees, so the gmail address is preferred, yet any genuine buyers, I can organise an inspection etc. , although we will need to video cam chat via WhatsApp to verify you're not a said robot - I have no interest in disturbing tenants for any curiosities, let alone wasting my time.
Any genuine enquiries; send an email first,
Thanks
134A & 134B Hampton Road, Fremantle
Two Shops of a strata plan on one common land parcel. Both shops leased – a current return of $54, 873 p.a. minus rates. Zoning of land is mixed use or Commercial/Residential.
One shop consists of a one bed apartment with front showroom – Leased to a Wall Coating Business.
Second shop is leased to a specialised bakery and confectionary.
Property has two street frontages, parking at rear for 4 cars. The rear street consists of residential properties – medium price in excess of one million dollars.
The property has potential for a rear mezzanine one bed studio apartment situated over the current 4-bay parking area. Or a future development plan: Knock-down two existing buildings; erect in place, two residential apartments with two shops or showrooms underneath.
Noting: Land value alone would be $820,000 plus based on two separate lots of $410,000 being a wide frontage, added onto that of todays building costs @ $2000 per sqm x 129sqm = $258,000 - A total replacement cost of more than $1,078,000
Asking price, from: $899,000 negotiable
Enquires, email: lov******@******com
Or email: d.s******@******com
Please note: Am oversees, so the gmail address is preferred, yet any genuine buyers, I can organise an inspection etc. , although we will need to video cam chat via WhatsApp to verify you're not a said robot - I have no interest in disturbing tenants for any curiosities, let alone wasting my time.
Any genuine enquiries; send an email first,
Thanks
- Date Listed:22/03/2024
- Last Edited:25/04/2024
- Number of Bedrooms:1 Bedroom
- Number of Bathrooms:2 Bathrooms
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