Shop 1 & 2/8 Charles West Avenue Margaret River WA 6285

Positioned in the heart of Margaret River's CBD, directly opposite the town's main bus stop and vibrant pedestrian precinct, these side-by-side modern commercial premises, completed in 2019, represent an exceptional investment opportunity in a tightly held location.

When it comes to commercial property, location is paramount. Situated nearby Coles and IGA and surrounded by a thriving mix of established businesses, these premises benefit from strong exposure and ongoing tenant demand.

The two current leases lock in the future returns (current ROI approximately 7.5%) with low maintenance costs. An existing liquor licence is held for the premises, enhancing tenant appeal and providing flexibility across a variety of commercial uses (upon re-application by the new owner).

Shop 1 & 2 to be sold together, and to be sold as a going concern.

CURRENT RENTAL RETURN

Shop 1 - $3,890 per calendar month (inc GST) $46,680 pa
Shop 2 - $2,333 per calendar month (inc GST) $27,996 pa
TOTAL - $6,223 per calendar month (inc GST) $74,676 pa

Leases expire in June 2027, with the tenant having 3 x 3-year options thereafter.

LOT PRICING

Shop 1 - $565,000 - Total Strata Area: 99sqm as detailed in strata plan
Shop 2 - $339,000 - Total Street Area: 56sqm as detailed in strata plan