39 Mends Street,
South Perth, WA 6151

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Absolute Waterfront South Perth Foreshore Restaurant | SOLD

565sqm*
Three Car Bays Included
Leased Investment - 10 Year Term

Views of the Swan River, the Perth city skyline and Kings Park from the South Perth foreshore are images that define this absolute waterfront location.

South Perth boasts:
- Over 46,000 local residents
- A nearby ferry terminal that connects over 400,000 passengers to the city and South Perth each year prior to Elizabeth Quay opening and is predicted to increase substantially
- Amongst the greatest residential density in the state
- Over 500 new nearby dwellings currently proposed for construction
- An affluent demographic with over 60% of the work force employed in the managerial & professionals services industry.

The property is sold with an existing Lease in place:

- Term: Ten (10) years
- Annual 4% rent reviews
- Bank and personal guarantees
- Proven operator
- Substantial depreciation benefits
- Brand new prestige building
- Three (3) car bays and storage included
- Due to complete and settle Q4 2019.

Act now, don’t miss this fantastic opportunity to invest in a world-class, waterfront restaurant in one of Perth’s most affluent and well located suburbs.

Offers Invited.

Contact us today on (08) 9426 17... for further information.

*Approx

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South Perth, 6151 demographic data

The median household income for South Perth is $2,026, 9% higher than Greater Perth's household income of $1,865. South Perth has an older age profile compared to the rest of Greater Perth (median age 42 vs 37). Property ownership data shows 38% of property owners in South Perth have a mortgage.

12,596

Population

$2,026 per week

Median household income

42 years

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