Content

95 Waratah Avenue, DALKEITH WA 6009

95 Waratah Avenue, DALKEITH WA 6009

For Sale

Land: 1136m2

Building: 900m2

Price
Under Offer
Inspection Inspection by Appointment

Contact Agent About This Property

William Porteous

Email William@porteous.com.au
Phone 0439 880 242

PRIME COMMERCIAL REDEVELOPMENT SITE

AUCTION ON SITE WEDNESDAY 21st of JUNE AT 12 NOON

Rare Redevelopment Opportunity!

1,136m of Prime Commercial Real Estate on Waratah Avenue, Dalkeith.

60.13m long x 18.91m wide.

The property is currently zoned under the City of Nedlands Town Planning Scheme Precinct 3 which permits Office & Multiple Dwelling Use.

This property will be sold as a Going Concern.

The old Dalkeith Village Cinema building is part double storey with approximately 899.8sqm gross lettable area, located in the heart of Dalkeith’s popular commercial area.

The building is currently leased by the C3 Church and Optus until November 2019.

Current Net Rental Income is $77,672 per annum being:
1. $50,000 per annum from C3 Church, with the option to increase the rent by 5% p/a.
2. $27,672 per annum from Optus. Paid Annually in advance every November. 5% annual increase p/a.

The C3 Church pay all of the outgoings and maintenance under the current Lease Agreement (with the exception of annual fire safety inspections which are paid by the owners).

The interior at present consists of 2 fully operational cinema theatres, including screens, seating, projectors, speakers, lighting etc. plus a large entry front foyer and a cafe area, including offices, toilets and kitchen.

Annual Rates paid by C3 Church:
City of Nedlands Council – $ 3, 578.49 p/a
Water Corporation Rates – $ 3,662.93 p/a

Please call for more information or to arrange an inspection.
Office number: 9386 8800 Mobile: 0439 880 242






Price Range
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