Ray White Commercial WA - PERTH
12-14 The EsplanadePERTH, WA 6000
320 Canning Highway
Bicton, WA 6157
Map of 320 Canning Highway
Train stations within 5 km of 320 Canning Highway, Bicton, WA 6157 Distance North Fremantle Station 3 km Victoria Street Station 3.8 km Fremantle Station 4 km Mosman Park Station 4 km Cottesloe Station 4.8 km POWERED BY HERE ©Bus stops within 5 km of 320 Canning Highway, Bicton, WA 6157 Distance Canning Hwy Before Point Walter Rd 0 m Canning Hwy After McKimmie Road 113 m Canning Hwy After Adrian St 290 m Canning Hwy Before Yeovil St 383 m Canning Hwy Before Harris St 385 m POWERED BY HERE ©
POWERED BY HERE ©
Reliable Residential Cash Flow
- Reliable rental income
- Zoned 'Mixed Use' R50
- $468,000 current rental income
A rare opportunity to purchase an entire, two level complex of 36 one and two bedroom units 'in one line'. Known as Melville Gardens and located in the affluent and high performing suburb of Bicton, the group has remained fully leased for some time, providing 'future proofed' reliable and increasing cash flow.
With the Swan River 1km to the North and Cosmopolitan Fremantle 3km to the West, tenants enjoy the convenience of Melville Plaza Shopping centre 600m to the east and Bicton Central Shopping Centre 600m to the west, not to mention the King Leopold Hotel only 80m away.
Bus stop situated immediately in front of the complex providing a direct route into the Perth CBD.
Well maintained and with a substantial landholding, the complex features;
• 32 one bedroom units and 4 two bedroom units;
• 4,053sqm* flat and level land holding
• Current gross rental income of $468,000pa
• Rental income increasing
• Zoned 'mixed use' R50
• Group already strata titled
• Future development potential
For more information or to arrange an inspection please contact the agents:
Brett Wilkins
Ray White Commercial (WA)
M: 0478 611 1...
E: brett.wilkins@raywhite.com
Stephen Harrison
Ray White Commercial (WA)
M: 0421 622 7...
E: stephen.harrison@raywhite.com
*Approximate
With the Swan River 1km to the North and Cosmopolitan Fremantle 3km to the West, tenants enjoy the convenience of Melville Plaza Shopping centre 600m to the east and Bicton Central Shopping Centre 600m to the west, not to mention the King Leopold Hotel only 80m away.
Bus stop situated immediately in front of the complex providing a direct route into the Perth CBD.
Well maintained and with a substantial landholding, the complex features;
• 32 one bedroom units and 4 two bedroom units;
• 4,053sqm* flat and level land holding
• Current gross rental income of $468,000pa
• Rental income increasing
• Zoned 'mixed use' R50
• Group already strata titled
• Future development potential
For more information or to arrange an inspection please contact the agents:
Brett Wilkins
Ray White Commercial (WA)
M: 0478 611 1...
E: brett.wilkins@raywhite.com
Stephen Harrison
Ray White Commercial (WA)
M: 0421 622 7...
E: stephen.harrison@raywhite.com
*Approximate
Additional information
External websites
Property ID: 504052995Last Updated: 18 May 2022
Ray White Commercial WA - PERTH12-14 The Esplanade
PERTH, WA 6000
PERTH, WA 6000
Brett Wilkins
Stephen Harrison
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