Unit 9, 8 Adelaide Terrace,
East Perth, WA 6004
Shops & Retail
Key property information
Floor area
Sold on
Cygnet West
Level 26, 197 St Georges TerracePERTH, WA 6000
04346598...
Unit 9, 8 Adelaide Terrace
East Perth, WA 6004
Map of Unit 9, 8 Adelaide Terrace
Tenanted Investment Opportunity
The commercial strata shop is located on the ground floor of Queens Riverside and is leased on a 5-year term to a retail tenant operating a busy beauty & wellness business. The tenant operates a well sought after eyelash business with an average of 4.9-star ratings on Google from close to 100 reviews.
Key terms of the current lease are:
- Area: 90 sqm
- Term: 5 years starting on 1st Sept 2023
- Net Rent: $31,500 per annum +GST
- Rent Reviews: Fixed 3% per annum.
- Guarantees: 3 months gross rent plus Directors Guarantee
Queens Riverside is a recently completed mixed-use high-rise development located at the gateway to Perth's CBD. Consisting of over 500 residential and 200 hotel rooms, the development sits at the entrance to Perth over the causeway which provides it exposure to over 17,000 cars passing through daily.
The property is also surrounded by prominent landmarks such as the WACA and the Queens Gardens. Additional planned developments including the East Perth Girls School, the East Perth Sports & Recreation Hub, the $165m WACA redevelopment project in addition to the $60m Gloucester Park revitalization program and exciting new residential developments in East Perth are expected to add further demand to the area.
Key terms of the current lease are:
- Area: 90 sqm
- Term: 5 years starting on 1st Sept 2023
- Net Rent: $31,500 per annum +GST
- Rent Reviews: Fixed 3% per annum.
- Guarantees: 3 months gross rent plus Directors Guarantee
Queens Riverside is a recently completed mixed-use high-rise development located at the gateway to Perth's CBD. Consisting of over 500 residential and 200 hotel rooms, the development sits at the entrance to Perth over the causeway which provides it exposure to over 17,000 cars passing through daily.
The property is also surrounded by prominent landmarks such as the WACA and the Queens Gardens. Additional planned developments including the East Perth Girls School, the East Perth Sports & Recreation Hub, the $165m WACA redevelopment project in addition to the $60m Gloucester Park revitalization program and exciting new residential developments in East Perth are expected to add further demand to the area.
East Perth, 6004 demographic data
The median household income for East Perth is $2,005, 8% higher than Greater Perth's household income of $1,865. East Perth has a younger age profile compared to the rest of Greater Perth (median age 35 vs 37). Property ownership data shows 55% of property owners in East Perth have a mortgage.
11,681
Population
$2,005 per week
Median household income
35 years
Median age
Renters
Most residents
Families
Most households
Cygnet WestLevel 26, 197 St Georges Terrace
PERTH, WA 6000
PERTH, WA 6000
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