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Leased Investment - Continental Deli

6/7 Paraguay Avenue, GREENFIELDS WA, 6210

For Sale

Property for Sale in 6/7 Paraguay Avenue, GREENFIELDS WA, 6210

Listing ID:
11287263
Status:
Active
For:
Sale
Price:
$950,000 (GST - Going Concern)
Last Updated:
02/09/2019
Icon building

Property Type

Retail
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Land Area

N/A
Icon size

Floor Area

252 SQM
Icon parking

Parking

N/A

Leased Investment - Continental Deli

- Fantastic Neighbourhood Shopping Centre - Leased investment
- 10 year leases in place with option
- Leased until 2026
- Annual Increases
- Rich trading history dating to the 90’s.
- Personal Guarantors in place and security
- Net Income of $76,000pa
- Ample car parking
- Growing residential suburb
- Improvements of 252sqm*

Introduction
Burgess Rawson are pleased to present to the market fully leased retail leased investment situated at 7 Paraguay Avenue, Greenfields. These easy care, low maintenance investment comprise a continental deli that has been operating since 1996. The Murdoch Drive Continental Super Deli has a 10 year lease in place having commenced in November 2015 with a further 5 year option until 2030. The property resides in the busy Greenfields Neighbourhood Shopping centre and are surrounded by complementary businesses that service the surrounding residential population.

Location
The properties are located in Greenfields approximately 72 kilometres south of the Perth CBD and approximately 4km north east from the town centre of Mandurah. The Greenfields Shopping Centre supports a large cohort of surrounding residential dwellings with a mix of commercial, retail and medical businesses in the centre. The centre resides on Murdoch Drive, which connects Mandurah Road to the Lakes Road, medical and commercial precinct

Title Details
The property is located in the Local Government Area of The City of Mandurah. The legal title for the subject property can be described as follows:

Murdoch Drive Continental Super Deli
Lot 6 - Volume 2120
Folio 681

Strata Area

Murdoch Drive Continental Super Deli
Lot 6 - 252sqm*

Planning
The property is located within the Local Government Area of The City of Mandurah and is zoned ‘Commercial’ under the city’s Town Planning Scheme No 3.

Goods and services Tax
The sellers are registered for GST and the property will be sold as a ‘Going Concern’.

Asking Price - Murdoch Drive Continental Super Deli
Lot 6: $950,000 Going Concern

Income - Murdoch Drive Continental Super Deli
$76,000 + Outgoings + GST

For further details, please contact the Selling Agents.

*Approx

For more details, please email agent

Burgess Rawson Perth

10th Floor, 225 St Georges Terrace, Perth, WA 6000


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