183 Albany Highway,
Mount Melville, WA 6330
Key property information
Map of 183 Albany Highway
SECURE LONG TERM LEASE DIRECTLY TO CHICKEN TREAT - HEALTHY 7% RETURN!
- $107,000 p.a. Net income
- Leased directly to Chicken Treat
- Retain & build develoment potential
Porter Commercial are pleased to offer for sale this highly secure investment opportunity. The prominent location has served current tenants “Chicken Treat” well, having occupied the property since 1997. Their intention is clear having signed a 10 year lease extension in 2017 as well as sharing in recent refurbishment costs with the current owners.
The corner site has a generous area of 2,995sqm and development concept plans have been prepared, showing the ability to construct a second retail premises on the property (STCA), providing for further income. Existing Improvements comprise a brick & iron fast food restaurant with drive through facility, having a total building area of approximately 191sqm plus additional outdoor alfresco.
Property ID: 503305454Last Updated: 2 Apr 2020