144 Coode Street & 71 South Terrace, Como

Long term secure Leases

A prominent securely leased investment property comprising two strata lots with long standing Pharmacy tenant and popular Cafe.

Substantial well maintained improvements with undercroft and upper deck parking situated on the busy corner of South Terrace and Coode Street being the hub of the Como commercial precinct.

Seize the rare opportunity to own a versatile prominent landmark property on the corner of South Terrace and Coode Street Como.

Perfect for investors, superfunds, this property combines a prime commercial location with long term secure leases

Property Features

Tenancy 1 Pharmacy:
Spacious 242m² ground level corner retail area with stairway to upper level of 89m2 comprising laboratory/prep room and a staff amenities area plus staff toilets.
The tenancy has been fitted out to a good quality as expected from a modern pharmacy with carpeted floors throughout with suspended plaster panel ceilings with feature lighting and cassette and split air conditioning throughout plus large central skylight providing an abundance of natural light to the main retail area.
High visibility and exposure with constant pedestrian and vehicle traffic.

Excellent location adjacent to South Perth Hospital and a variety of medical / Specialist operators, ensuring day and night activity.

Tenancy 2 Cafe:
Comprises a 91m2shop front with front cafe area with serving counter and rear fully equipped kitchen area with tiled and vinyl floor coverings to the main café area and has a rear deliver\y access off the rear carparking area.

This tenancy has a modern good fitout level commensurate with the age and current café use for the area.

The tenancy has an alfresco area of 50m2 allocated upon common property which extends across the front of the tenancy adjacent to the South Terrace frontage.

This property is well located in the bustling Suburb of Como, Canning Bridge Precinct close to bus / rail transfer station and Kwinana Freeway, this two Lot Strata Title Commercial property zoned Local Centre.– Mixed Use (R50 density) has major future potential for new developments with increased building heights in the area.

Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.