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Ray White Commercial WA - PERTH

320 Canning Highway Bicton, WA 6157

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320 Canning Highway,
Bicton, WA 6157

Other • Development Sites & Land

Price information

Sale - Expression of Interest

EOI Closing 19 May 2022 (unless sold prior)

Key property information

Land area

Floor area

Tenure type

Private inspections

to arrange a private inspection.
Ray White Commercial WA - PERTH
Brett Wilkins
Stephen Harrison

Ray White Commercial WA - PERTH

12-14 The Esplanade
PERTH, WA 6000
Ray White Commercial WA - PERTH
320 Canning Highway
Bicton, WA 6157

Map of 320 Canning Highway

Directions
  • Train stations within 5 km of 320 Canning Highway, Bicton, WA 6157Distance
    North Fremantle Station3 km
    Victoria Street Station3.8 km
    Fremantle Station4 km
    Mosman Park Station4 km
    Cottesloe Station4.8 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 320 Canning Highway, Bicton, WA 6157Distance
    Canning Hwy Before Point Walter Rd0 m
    Canning Hwy After McKimmie Road113 m
    Canning Hwy After Adrian St290 m
    Canning Hwy Before Yeovil St383 m
    Canning Hwy Before Harris St385 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

Additional information

Property ID: 504052995Last Updated: 18 May 2022

Ray White Commercial WA - PERTH
12-14 The Esplanade
PERTH, WA 6000
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