Sold

55 Norma Road, Myaree

SOLD for $1,025,000

906 m2

SOLID LEASED INVESTMENT WITH DEVELOPMENT POTENTIAL

Situated on the busy street of Norma Road within the heart of the Myaree commercial/industrial precinct, the property offers a modest workshop/showroom/warehouse complex comprising of two units on the one title.

The two units are fully leased with a net rental income of $52,800 per annum.

The property is located approximately 9 kilometres south of the Perth CBD and within close proximity to major arterial roads including Leach Highway and Canning Highway. Under the current town planning scheme the property is zoned “Service Commercial” which allows a plot ratio of 1 and a building height standard of 13.5 metres overall.

Surrounded either side by new builds - the future is very promising for this locale and the future potential for this site is massive.

Features include:
- 414m2 of combined lettable area
- 906m2 of Freehold Land
- Prestigious Myaree Location
- Secure Investment
- Signage & Exposure
- Ample parking to both front and rear of the property for staff and customers
- 19 meter frontage to Norma Road
- Perfectly rectangular development site

Be sure to contact the Joseph Mansour on 0412 672 234 for further details.

906 m2

Details

Address 55 Norma Road, Myaree
Price SOLD for $1,025,000
Property Type Commercial
Property ID 609
Category Industrial/Warehouse, Showrooms/Bulky Goods, Retail
Land Area 906 m2
Warehouse Area 414m2

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