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Net Rental Income - $471,173.40 pa

35 Manning Road, CANNINGTON WA, 6107

For Sale

Property for Sale in 35 Manning Road, CANNINGTON WA, 6107

Listing ID:
11359100
Status:
Active
For:
Sale
Price:
OFFERS INVITED
Last Updated:
06/09/2019
Icon building

Property Type

Retail/Hotel/Leisure
Icon square

Land Area

5629 SQM
Icon size

Floor Area

2000 SQM
Icon parking

Parking

N/A

Net Rental Income - $471,173.40 pa

6% RETURN ON INVESTMENT

Net Rental Income - $471,173.40 pa
Building Size - 2,000 square metres (approx.)
Lot Size - 5,629 square metres
Tenant - Bowling Centres Australia Pty Ltd t/a Zone Bowling Cannington
GST - Zero GST, sold as a Going Concern

Excellent investment opportunity, this is a hugely popular family entertainment centre that has been in operation on this site for 35 years plus.
The Cannington Industrial/Retail precinct is highly sort after and properties to purchase like this are rare.
Located on Manning Road, 11 klms east of the Perth CBD with frontage to Manning Road.
This property has had many renovations, plus the Bowling Ally equipment has been heavily invested in and is regularly updated.
This is one of this companies' highest performing centres and is hugely popular at all time of the day with different demographics

LEASE TERM - 12 years commencing 30.07.2009 termination date 29.07.2021
OPTIONAL PERIODS - 2 x 36 months optional periods
RENT REVIEWS - Annually equal to 3.5% of the net rental or equal to the Consumer Price Index for 4 quarters, whichever is the greater with a Market Review at the excising of any optional period
PERMITTED USE - Multi Lane Bowling Centre with Amusement Games, Licensed Bar, Restaurant and Café
GENERAL - Outstanding location in a high profile commercial precinct and is surrounded by main arterial roads being Leach Highway, Albany Highway and Manning Roads.
Traffic flow approx. 24,000 vehicles per day, Monday to Friday on Manning Road.

For more details, please email agent

Ron Farris Real Estate Pty Ltd

Suite 9, 23 Richardson Street, South Perth, WA 6151


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