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Axia Corporate Property present 206 Arkana Road, Westminster, for Sale.

The arrival of the subject lot to the market, represents a superb opportunity to acquire a larger sized landholding, which is typically difficult to obtain in established precincts. The prevailing ‘Local Centre’ zoning provides developers, investors and occupiers with the flexibility to consider a variety of options and potential uses for the property.

Investment Highlights:
– Substantial site area of approximately 1,502m²*
– Strategic location and established area
– Proximity to major transport networks and public transport
– Extensive dual road frontages of 42.66 metres* and 25.15 metres* respectively
– Zoned ‘Local Centre’
– Partially Leased with potential for vacant possession
– Ability for additional income growth via leasing of vacant tenancies
– Develop today or landbank for tomorrow

The subject property is conveniently located within the City of Stirling local council approximately 12 kilometres North of the Perth Central Business District.

More specifically, the property is located in close proximity to the major road thoroughfares of Reid Highway, Mirrabooka Avenue, Wanneroo Road and Nollamara Avenue.

A well-rounded suburban existence is on offer in Westminster, with numerous parks and proximity to commercial facilities, amenities and public open space to enjoy. There are two shopping centres in the area, one which caters for local requirements and one which services district shopping needs, as well as two primary schools and a high school.

The site is predominantly rectangular in shape, corner positioned and supporting improvements of approximately 340m²*. Improvements comprise of two retail premises and a upper level, two bedroom apartment of circa 80m²*. One retail premise fronting Arkana Road has a floor plate area of 90m²* and is currently vacant. The other retail premises fronting Majella Road, has a floorplate area of 170m²* and is currently leased as a convenience store/delicatessen.

Lease Particulars:
One retail space is currently vacant. One retail space is leased as follows:
Leased to:  Arkana Delicatessen
Term:   Five (5) years commencing 1st September 2016
Option:   Five (5) years commencing 1st September 2021
Net Passing Rental: $38,184 p.a. plus GST
Annual Reviews: Market Review
Outgoings:  Tenant is responsible for 75% of all Statutory and Common Outgoings in respect of the whole site.

For more information please contact Franco Gangemi on 0418 930 504 or Rocco Demaio on 0411 227 703.

*Approximately

Price:Price upon application
Address:206 Arkana Road
City:Westminster
State:WA
ZIP:6065
Square Feet:1502sqm
Lot Square Feet:340sqm
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