13/964 Albany Hwy
East Victoria Park

From $699,000


Property Features

Property ID: 3302310

Building Size
121 m2

Leased Cafe on Albany Hwy

Providing a return of 6.3%, with annual increases built into the lease to provide a increased returns in the following years up to around 7%. This the perfect opportunity for an investor with a 3 year + 3 year lease that commenced in March 2019. The current rent is $44,100 + outgoings + GST and increasing to $49,000 by the 3rd year.

5 year old commercial property right on Albany Hwy with approval for use as a Cafe/Restaurant (currently used as a cafe/bakery/florist).
Surrounded by quality homes, plus many near new apartment developments, this area has a bright and popular future.
National retailers like Repco, Aldi & Priceline have each recently opened brand new premises less than 500m away.

Albany Hwy is an popular commercial precinct where properties are tightly held. Leased commercial properties in this price range are hard to come by, so don't miss out on this one!

Part of a mixed use development completed in 2013, there is an accountancy office next door and 12 apartments upstairs.

121 sqm
5 allocated parking bays
Grease trap
Extraction system
2 accessible toilets

We recommend that you act quickly to avoid disappointment. Our sellers are genuine and have set the price to sell!

Russell White 0419 903 598 russell@parkproperty.com.au