34 Belgravia Street,
Belmont, WA 6104
Other • Hotel, Motel & Leisure
Price information
Sale
Offers above $4,000,000
Key property information
Land area
Floor area
Car spaces
Parking info
Zoning
Tenure type
Private inspections
to arrange a private inspection.
Map of 34 Belgravia Street
Train stations within 5 km of 34 Belgravia Street, Belmont, WA 6104 Distance Redcliffe Station 2.8 km Burswood Station 2.8 km Perth Stadium Train Station 3 km Bayswater Station 3.3 km Meltham Station 3.5 km POWERED BY HERE ©Bus stops within 5 km of 34 Belgravia Street, Belmont, WA 6104 Distance Belgravia St Before Brennan Wy 139 m Belgravia St After Great Eastern Hwy 167 m Belgravia St Before Great Eastern Hwy 171 m Belgravia St After Wheeler St 209 m Great Eastern Hwy After Belgravia St 314 m POWERED BY HERE ©
POWERED BY HERE ©
OPPORTUNITY - Entire Modern Apartment Building (10 Units)
FULLY LEASED INVESTMENT:
• Fully leased investment of entire strata complex of 10 modern residential apartments/townhouses in the thriving City of Belmont, located in close proximity to the Perth CBD and the Perth Domestic and International Airports.
MODERN APARTMENT BUILDING:
• 2 x Townhouses (3 Bedroom + Study with 2 Bathrooms + Powder)
• 8 x Apartments (2 Bedroom with 2 Ensuite Bathrooms)
INCOME:
• Entire building securely leased to professional operator until April 2026
• Current Gross Income of circa $210,000 pa with annual CPI rental increases
LOCATION
• 10 min drive to Perth CBD
• 5 min drive to Domestic Airport
• 10 min drive to International Airport
• 5 min drive to Redcliffe Railway Station
• 150m walk to Transperth Bus Stop
OTHER:
• Large Recreation Room
• Large Gymnasium
• 14 x Car Bays
• 10 x Individual Secure Storage Rooms
OPPORTUNITY:
There are substantial investment upside opportunities for this property.
• Easy to manage investment - fully leased.
• Annual CPI rental increses (next due in April this year)
• At the expiry of the lease in April 2026 an astute operator can take over the management of the properties and obtain the full retail rental in lieu of the current wholesale rental, which will substantially increase the investment yield.
• Alternatively, at the expiry of the lease either some or all of the individual units can be sold for the full market selling prices, and the balance can be leased for the full retail market rental.
This represents a great opportunity for an investor with a 2-3 year vision with potential for significant upside, with the majority of any new owner's holding costs being covered by the current tenant's wholesale lease.
Call Dan Ehrenfeld today on 0404 8770... for further enquires and information....
• Fully leased investment of entire strata complex of 10 modern residential apartments/townhouses in the thriving City of Belmont, located in close proximity to the Perth CBD and the Perth Domestic and International Airports.
MODERN APARTMENT BUILDING:
• 2 x Townhouses (3 Bedroom + Study with 2 Bathrooms + Powder)
• 8 x Apartments (2 Bedroom with 2 Ensuite Bathrooms)
INCOME:
• Entire building securely leased to professional operator until April 2026
• Current Gross Income of circa $210,000 pa with annual CPI rental increases
LOCATION
• 10 min drive to Perth CBD
• 5 min drive to Domestic Airport
• 10 min drive to International Airport
• 5 min drive to Redcliffe Railway Station
• 150m walk to Transperth Bus Stop
OTHER:
• Large Recreation Room
• Large Gymnasium
• 14 x Car Bays
• 10 x Individual Secure Storage Rooms
OPPORTUNITY:
There are substantial investment upside opportunities for this property.
• Easy to manage investment - fully leased.
• Annual CPI rental increses (next due in April this year)
• At the expiry of the lease in April 2026 an astute operator can take over the management of the properties and obtain the full retail rental in lieu of the current wholesale rental, which will substantially increase the investment yield.
• Alternatively, at the expiry of the lease either some or all of the individual units can be sold for the full market selling prices, and the balance can be leased for the full retail market rental.
This represents a great opportunity for an investor with a 2-3 year vision with potential for significant upside, with the majority of any new owner's holding costs being covered by the current tenant's wholesale lease.
Call Dan Ehrenfeld today on 0404 8770... for further enquires and information....
Additional information
External websites
Property ID: 504504816Last Updated: 29 Apr 2024
0404 877 0...
34 Belgravia Street
Belmont, WA 6104
NAI Harcourts Metro981 Wellington Street
WEST PERTH, WA 6005
WEST PERTH, WA 6005
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.