63 James Street,
Northbridge, WA 6003
Shops & Retail
Key property information
Land area
Floor area
Zoning
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Axia Corporate Property - Perth
307 Murray StreetPERTH, WA 6000
63 James Street
Northbridge, WA 6003
Map of 63 James Street
Fully leased freehold investment in the heart of Northbridge
- Northbridge’s main entertainment street
- Large frontage and exposure
- Popular tenant location
Cygnet West in conjunction with Axia Property are pleased to present 63 James Street, Northbridge, For Sale by Public Auction.
The property is located in the heart of the action, on the main street of Northbridge, James Street. This location, highly desirable to tenants, is surrounded by other eateries, pubs, nightclubs and entertainment venues.
The property has been held in one ownership for in excess of 20 years, hence the sale of the property offers a once in a lifetime opportunity.
INVESTMENT HIGHLIGHTS:
• Fully leased freehold property
• 182sqm land area
• 9m of frontage to James Street
• Located within Western Australia’s premier entertainment and hospitality precinct
• Located on the main street in Northbridge
• 200m to proposed ECU campus
The property is strategically located in proximity to the intersection of James and William Streets, providing a huge number of pedestrian thoroughfare day and night.
ZONING
The City of Perth advises that the property is zoned “City Centre” Precinct 1 Northbridge which allows for a variety of uses. The height limit on the redevelopment is currently 33 metres with a plot ratio of 4.0:1.0. Proponents must undertake their own due diligence with relevant authorities as to the zoning and development potential.
TENANCY
The property is leased to a Japanese restaurant, trading as “Kobe Teppanyaki”, with the tenant having been in occupation since 2020. The current lease term expires on 31 October 2025 with a 2-year option.
Current Net Rental is $92,250 p.a. with the tenant paying outgoings.
Further tenancy information and lease details can be provided upon request.
SALE PROCESS AND AUCTION DETAILS
The property is to be sold by Public Auction on 30th November 2022 to be held in the Jarrah Room of the Double Tree Hilton, 100 James Street, Northbridge, commencing at 10.30am.
For further information on this exceptional offering, and a copy of the Information Memorandum, please contact the joint selling agents.
*Approximately
The property is located in the heart of the action, on the main street of Northbridge, James Street. This location, highly desirable to tenants, is surrounded by other eateries, pubs, nightclubs and entertainment venues.
The property has been held in one ownership for in excess of 20 years, hence the sale of the property offers a once in a lifetime opportunity.
INVESTMENT HIGHLIGHTS:
• Fully leased freehold property
• 182sqm land area
• 9m of frontage to James Street
• Located within Western Australia’s premier entertainment and hospitality precinct
• Located on the main street in Northbridge
• 200m to proposed ECU campus
The property is strategically located in proximity to the intersection of James and William Streets, providing a huge number of pedestrian thoroughfare day and night.
ZONING
The City of Perth advises that the property is zoned “City Centre” Precinct 1 Northbridge which allows for a variety of uses. The height limit on the redevelopment is currently 33 metres with a plot ratio of 4.0:1.0. Proponents must undertake their own due diligence with relevant authorities as to the zoning and development potential.
TENANCY
The property is leased to a Japanese restaurant, trading as “Kobe Teppanyaki”, with the tenant having been in occupation since 2020. The current lease term expires on 31 October 2025 with a 2-year option.
Current Net Rental is $92,250 p.a. with the tenant paying outgoings.
Further tenancy information and lease details can be provided upon request.
SALE PROCESS AND AUCTION DETAILS
The property is to be sold by Public Auction on 30th November 2022 to be held in the Jarrah Room of the Double Tree Hilton, 100 James Street, Northbridge, commencing at 10.30am.
For further information on this exceptional offering, and a copy of the Information Memorandum, please contact the joint selling agents.
*Approximately
Northbridge, 6003 demographic data
The median household income for Northbridge is $1,853, 1% lower than Greater Perth's household income of $1,865. Northbridge has a younger age profile compared to the rest of Greater Perth (median age 31 vs 37). Property ownership data shows 64% of property owners in Northbridge have a mortgage.
1,420
Population
$1,853 per week
Median household income
31 years
Median age
Renters
Most residents
Families
Most households
Axia Corporate Property - Perth307 Murray Street
PERTH, WA 6000
PERTH, WA 6000
Cygnet WestLevel 26, 197 St Georges Terrace
PERTH, WA 6000
PERTH, WA 6000
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