Reiwa Reiwa
273 Mill Point Road, South Perth WA 6151

273 Mill Point Road, South Perth WA 6151

Sold price: $2,525,000
Sold
Sold: 18 May 2024

Landsize 721m2

Land

Contact the agent

Lisa Mann

0502089908

Acton | Belle Property South Perth & Victoria Park


An Exclusive Chance to Own a Premier Property in an Iconic Location.

I am proud to present an exceptional opportunity to acquire a notable landmark property zoned for local commercial use, standing on a coveted parcel of land.

This property represents an exceptional investment opportunity due to its strategic business location with significant potential and its role as a legacy within the lively community of South Perth. Situated near the Swan River foreshore enhances its appeal, offering a view of the city from the ground and the promise of even more spectacular river and city views from a potential second storey.

PROPERTY HIGHLIGHTS :
• Premier location with iconic restaurant "Ciao Italia" as the long term tenant
• Generous Green Title land size of 721sqm
• Current zoning of Local Commercial / R40 under TPS6
• Proposed zoning of Local Centre / R40 under LPS7
• Ample parking available for customers

CURRENT LEASE TERMS:
• "Ciao Italia" have a lease until 30th April 2029.
• Current rent : $163,298.16 PA + GST + VARIABLE OUTGOINGS.

LAND RATES : $7,796.00 pa does not include Waste
WATER RATES : $2,492.05 pa

This iconic commercial property presents an unparalleled opportunity for investors or business proprietors seeking a prestigious location in South Perth. An offer like this providing a rare once in a life time chance to invest in a prime piece of real estate, is bound to draw significant attention.

For those interested in securing the renowned site contact Lisa Mann on 0402 089 908.

Property features

Cost breakdown

  • Council rates: $7,796 / year
  • Water rates: $2,492 / year

Nearby schools

Wesley College Combined Non-government 0.4km
St Columba's Catholic Primary School Primary Non-government 0.8km
South Perth Primary School Primary Government 1.0km
Kensington Primary School Primary Government 1.4km
Collier Primary School Primary Government 1.6km
Kensington Secondary School Secondary Specialist 1.8km
Victoria Park Christian School Primary Non-government 2.0km
Regent College Primary Non-government 2.1km
Penrhos College Combined Non-government 2.2km
Como Primary School Primary Government 2.3km

To view full details about this property, please visit reiwa.com.au
REIWA Listing #:4795810