12-16 Riseley Street, Ardross, WA 6153

Raine & Horne Commercial are pleased to present 12-16 Riseley Street Ardross to the market for sale. An exceptional trophy asset, located within the tightly held, blue-chip neighbourhood commercial and retail strip of Ardross. Arguably one of the most significant neighbourhood commercial/ retail locations in the area, this forms one of the most prominent land holdings within the Riseley Street/ Kearns Crescent precinct. Offered as a leased investment with four securely leased tenancies. Land area: 1,818m2* Building area: 744m2 over five tenancies Parking: 42* bays total Net income: $240,324.46* p.a. plus outgoings plus GST (approx. $330,000* p.a. plus outgoings plus GST when fully leased) *approx. Significant development potential with up to six stories permissible under City of Melville Local Town Planning Scheme. In close proximity to Canning Highway and the Garden City Booragoon Shopping Centre, enjoying exceptional links to Applecross, Mt Pleasant, and transport links into the Perth CBD. Significant parking on site to the rear of the property. Take advantage of an extraordinary opportunity to secure a prime piece of south of the river commercial real estate! AUCTION: On Site at 11am (AWST) Thursday, 25th November, 2021 Contact the Selling Agents now to discuss this property further.