Land for sale

130 West Coast Drive,

Sorrento, WA

0 0 0
BOTH SITES: $11 MILLION sold as going concern

BEACHFRONT LEASED INVESTMENT + DEVELOPMENT UPSIDE

An unbeatable opportunity to purchase possibly the closest site to the ocean in Perths metro area. Absolute ocean front land, offering spectacular ground floor ocean views. The site currently contains several small businesses, including extremely popular cafes White Salt and Voyage Kitchen. With one of the fastest-growing surf lifesaving clubs in WA on its doorstep, and the popular Hillarys Boat Harbour within walking distance, the existing precinct is a vibrant hub.

The Plaza Centre area size: approx 2470sqm Lot 2 - 1685sqm | Lot 149 - 792sqm
WAPC approved for 5 level mixed-use development
$480,060.40 net pa income (ex GST) plus outgoings
Ground level ocean views
Strong, secure income stream with growth opportunity
SALE PRICE REFLECTS 4.36% NET RETURN
FULLY LEASED
Lot 2 - Lease expires in 3 years with tenants keen to extend
Lot 149 - Lease expires in 5 years with redevelopment clause in the lease.


130 West Coast Drive, SORRENTO (LOT 2) $7.7 MILLION sold as going concern.
134 West Coast Drive, SORRENTO (LOT 149) $3.3 MILLION sold as going concern.
Last updated: 03:26PM on Jul 16th 2018
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