Leased Commercial / Retail Investment - Mount Pleasant
- Underpinned by new 5+5 year lease
- Highly regarded café tenant
- Less than 150m from Canning/Swan River
Metier presents a rare opportunity to acquire a leased commercial/retail asset in the heart of the thriving Canning Bridge precinct in Mount Pleasant.
Positioned on the ground floor of the ‘Cirque on Kishorn’ apartment development (111 apartments, completed 2019), this 98m² strata unit enjoys a premium location in one of Perth’s most sought-after riverside suburbs.
The unit is less than 150 metres from the Canning/Swan River foreshore and therefore benefits from connectivity to the busy pedestrian and cycle paths along the riverfront.
This connectivity to the Canning/Swan River will soon be enhanced by the City of Melville’s planned development of Esplanade Park directly opposite the unit, which will include landscaped open spaces and a playground, further increasing future foot traffic.
The premises is occupied by the popular Praline Café & Patisserie, a successful operator who recently renewed their lease for a further 5 + 5 years (commencing 1 July 2025), providing investors with a secure and long-term income stream.
Investment Highlights:
- 98m² commercial strata unit plus outdoor alfresco seating area
- Situated in ‘Cirque on Kishorn’ luxury apartment complex
- Affluent riverside suburb with strong demographic profile
- Leased to highly regarded café with proven trading history
- 5 + 5 year lease commenced 1 July 2025
- Returning $52,800 per annum + GST
- Less than 150m from Canning/Swan River
- Less than 500m from Canning Bridge train station
- Excellent access to Canning Highway and freeway links
- Surrounded by new developments and increasing residential density
Note stated areas are approximate.
Contact agent for further information.
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