273 Mill Point Road, South Perth WA 6151

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.