FOUR LEVEL COMMERCIAL BUILDING WITH RESIDENTIAL PENTHOUSE

SCOOP Commercial are pleased to offer For Sale 144 Northwood Street, West Leederville.

A rare opportunity exists to purchase six (6) commercial offices plus an amazing residential penthouse with 360 degree views over Herdsman lake and the City of Perth. The property provides a buyer with highly secure investment income stream plus a once in a generation residence to work or live from and only 7 kms to the Perth CBD.

Located in the tightly held and highly sought-after West Leederville precinct, this property enjoys a premium position overlooking Herdsman Lake and within immediate proximity to the Perth CBD, Subiaco Town centre and Leederville. The location benefits from excellent connectivity via Cambridge Street and quick access to the Mitchell Freeway, strong surrounding amenity, fashion shops, hospitals, public rail and bus transport access.

The building is arguably one of the most iconic office, lifestyle, complexes in the prestigious West Leederville.

The property spans four levels and is constructed of concrete panel, metal and aluminum which presents as an ideal acquisition for investors seeking diversified income, owner-occupiers looking to establish a headquarters with on-site accommodation, or developers capitalizing on the Commercial zoning and premium location.

PROPERTY FEATURES:
• Total Land Area of 713 sqm*
• Building Area of circa 1,250 sqm*
• Secure leased investment with potential Annual Rent of $350,000 pa plus Outgoings.
• Strong investment returns with capital appreciation
• Four-level commercial building
• Six (6) commercial tenancies plus one (1) penthouse residence
• Thirteen (13) on-site car bays
• Elevator/Lift servicing all levels
• Solar power system on the roof
• Unique internal improvements including wine cellar, bar, extensive storage and workshop area
• Flexible floor plan configuration suitable for owner occupiers or corporate family office
• Potential to strata subdivide (STCA)
• Zoned "Commercial" and "Residential" under the Town of Cambridge Scheme No. 1
• Landmark building with lake and city outlooks, first time offered in over 30 years

LEASE PARTICULARS:
• Multiple commercial tenancies
• Total Potential Income: $350,000 p.a. + Outgoings
• Multiple income streams across six tenancies
• Opportunity to further optimize rental returns to medical / legal / training businesses

This is a rare opportunity to secure a substantial commercial investment plus a residential asset in one of Perth's most tightly held inner-city locations. With strong holding income, multiple tenancies and a premium penthouse component, the property offers flexibility for investors, owner-occupiers or developers seeking a property investment with long-term upside.

Inspections will not disappoint.

*Areas are approximate only

To request an Inspection or additional information please contact the exclusive selling agent:

Scott Bailey
0421 010 001
Scott.Bailey@scoopcommercial.com.au