As Exclusive Selling Agents we are pleased to introduce the sale of 26 Leura Street, Nedlands, via Offers from $1.65m (Going Concern).

26 Leura Street is a rare freehold commercial building, ideal for future owner occupiers, commercial investors and commercial / residential developers. A prime corner site, positioned in a City Fringe location, the property has been recently rezoned to allow for mixed use development.

The Opportunity:
An attractive two storey commercial freehold building currently leased to Clinical Laboratories (WA) Pty Ltd with a substantial holding income and full make good provision. This opportunity allows an astute owner-occupier time to plan their office / medical refurbishment or an investor to accommodate those of the intended occupier. The property is also available with vacant possession by negotiation. Situated on 513sqm* of land with 3 street frontages, the 258sqm* building is currently occupied as a medical laboratory / office and enjoys 11 on-site car parking bays.

Key Highlights Include:

- Land Area: 513sqm*
- Two level freehold with NLA of 258sqm (approx)
- 11 on-site car parking bays
- Rezoned to 'R-AC3 – Mixed Use' under TPS3 by the City of Nedlands
- Currently approved for medical / office use
- Flexible use profile including Medical / Office / Retail / Residential (STCA)
- Current Net Income: $97,773.48 per annum + GST + Outgoings
- Lease Expiry: 28th February 2021
- Make Good provision in Lease
- Holding income
- Available Vacant Possession by negotiation
- Corner location with 3 street frontages
- Excellent natural light from all aspects
- Direct access to major arterial roads & buses servicing the Perth CBD and metropolitan surrounds
- Excellent schools, medical, retail amenity, parks and lifestyle within walking distance

Current Lease Particulars:
Lessee: Clinical Laboratories (WA) Pty Ltd
Lease Expiry: 28th February 2021
Options: 1 year (unlikely to exercise)
Current Income: $97,773.48* pa
Rent Reviews: Not applicable
Outgoings: All payable by the Lessee

Statutory Outgoings 19/20:
Council Rates: $6,651.08 pa
Land Tax: $1,815.80 pa
Water Rates: $3,301.48 pa

Location:
26 Leura Street is located on the corner of Leura Street and Karella Street which is adjacent and just footsteps from the popular Hampden Road. The property is located within walking distance to the New Children's Hospital, Sir Charles Gairdner Hospital, Hollywood Medical Centre and the University of Western Australia. Hampden Road offers a wide range of retail amenities and excellent lifestyle elements including cafes, banks, bottle shops, supermarkets, restaurants, medical facilities and pharmacies.

Zoning:
The Western Australian Planning Commission has endorsed and the City of Nedlands Town Planning Scheme #3 (TPS) has been Gazetted which allows an exciting opportunity to capitalise on the revised zoning in Nedlands. The City of Nedlands advises the property is zoned 'Mixed Use' R-AC3.

For access to the Information Memorandum, to book your inspection time or to simply discuss in more detail please feel free to email or call the Exclusive Selling Agents Jack Bradshaw (0439 095 3...) and Brian Neo (0411 868 4...).

* Approximate
(STCA) Subject to Council Approval