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136 West Coast Drive & 2 Padbury Circle Sorrento, WA 6020

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136 West Coast Drive & 2 Padbury Circle,
Sorrento, WA 6020

Shops & Retail • Development Sites & Land

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Map of 136 West Coast Drive & 2 Padbury Circle

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PRIZED SORRENTO BEACHFRONT - LONG LEASE TO WOOLWORTHS WITH DEVELOPMENT UPSIDE

  • 1,462sqm* beachfront site
  • Long lease to BWS (Woolworths)
  • $213,000* per annum net income
CBRE is pleased to present for sale on behalf of OP Properties this exceptional retail investment property with a long lease to BWS (Woolworths Limited) and with a strong underlying land content and favourable planning for future high density/commercial/mixed use/residential development.

We highlight the following positive attributes of this outstanding investment and development opportunity:

- PRIME CORNER BEACH FRONT SETTING
- HIGHLY DESIRABLE PRECINCT WITH UNRIVALLED AMENITIES
- WITHIN POPULAR BOUTIQUE LOCAL RETAIL AND CAFE STRIP
- CLOSE PROXIMITY TO HILLARYS BOAT HARBOUR
- STRONG SECURE INCOME STREAM WITH BUILT-IN GROWTH
- ANCHORED BY BWS (WOOLWORTHS LIMITED)
- FAVOURABLE 'COMMERCIAL' ZONING WITH STRONG RETAIL USES
- ZONING AMENDMENT PROPOSES HIGHER DENSITY MIXED-USE REDEVELOPMENT
- PROPOSED HEIGHT LIMITS OF 3-5 LEVELS FOR PANORAMIC BEACH FRONT ASPECTS

Price Upon Application.

For further information regarding the property, please contact the exclusive sales and marketing agent CBRE.

*approx

Property ID: 502084862Last Updated: 5 Jul 2021

04179414...
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136 West Coast Drive & 2 Padbury Circle
Sorrento, WA 6020
CBRE - Perth
Level 25, QV1, 250 St Georges Terrace
PERTH, WA 6000
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