5 Stoneham Street, Ascot is a 2,000sqm* freestanding two-storey office building positioned on a 2,372sqm* parcel of land within the Belmont commercial precinct adjoining Ascot Waters.

Enhancing the property's potential is the placement of its position within the Golden Gateway. This is a strategic area that is boarded by Great Eastern Highway, the Swan River, Resolution Drive and Grandstand Road, Ascot Racecourse, Carbine Street and Hardey Road. It also includes the Ascot Kilns site.

Tipped and planned to be the next high quality mixed commercial and residential development area within the City of Belmont this location has much to offer. More specifically 5 Stoneham Street, Ascot is located within Precinct 2 of the Golden Gateway which is earmarked to be the primary interface between the whole development area and Ascot Waters putting this building right on the doorstep of the Swan River and all of the foot traffic that comes with it.

Given the location and placement within the Golden Gateway the property provides for an excellent land bank and future development opportunity with some reasonable holding income. Alternatively with the few vacancies and short term nature of the leases in place there is an excellent opportunity for an occupier to purchase a building well below replacement cost and immediately occupy part of the total area. The remaining units could continue to be leased or the future owner could progressively move into each as they become available.

The building is separated into 6 tenancies with three ground floor tenancies of approximately 290sqm*, 256sqm & 170sqm, and 3 first floor tenancies of approximately 370sqm*, 361sqm and 170sqm*. The remaining approx 383sqm is common area which is equipped with kitchenettes, bright lit walkways plus male and female amenities.

Unit 1: A Ground Floor 290sqm office leased to Red Health Solutions Pty Ltd unit 2025. The tenant is currently paying $43,500 + outgoings + GST.
Unit 2: A Ground Floor 256sqm office leased to Red Health Solutions Pty Ltd unit 2025. The tenant is currently paying $38,400 + outgoings + GST.
Unit 3: A Ground Floor 170sqm office leased to Zone 50 Engineering Pty Ltd unit 2024. The tenant is currently paying $18,000 + outgoings + GST.
Unit 4: A vacant first floor 370sqm office which can be leased or occupied by a future owner.
Unit 5: A vacant first floor 361sqm office which can be leased or occupied by a future owner.
Unit 6: A first floor 170sqm office leased to Tyre Response Group Pty Ltd unit 2025. The tenant is currently paying $26,265 + outgoings + GST.

For the information memorandum, or to arrange an inspection please contact the Agents:

Chris Matthews
RWC WA
Mobile: 0413 359 3...
Email: chris.matthews@raywhite.com

Liam Pittaway
RWC WA
Mobile: 0439 555 4...
Email: liam.pittaway@raywhite.com

*Approximate