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Never before taken to market or changed hands, a trophy asset like the "Tip-Top" arcade rarely comes to market, located at 139-141 Oxford Street, Leederville. Exclusive listing agents Belle Property Commercial Perth (B.P.C.P) are proud to present to market a generational trophy asset that connects the entire Leederville precinct together.
The fully leased multi-tenanted freestanding building on 504sqm* of land, is the natural throughfare for shoppers, commuters and near on half of Leederville who walk the arcade floors everyday. Customers of the arcade come to grab a baguette & coffee from Little Baguette Co or fight the queues for sushi at Leederville's famous TSUKE-BA, followed by a delicious gourmet cookie from national tenant "Get Chunky". Its truly an iconic building that aligns with the famous "Electric Lane" retail strip across the road.
As the Leederville story continues to evolve with huge development plans on the 2 Hesperia owned car park sites & local businesses ABN Group, Watercorp amongst many others enjoy the fruits of Leederville each day. There's no better property located on Oxford Street that capitalises on this location better than the "Tip-Top" arcade.
What to takeaway:
- Trophy "Tip-Top" arcade asset offered to market for the first time
- Multi-tenanted (5 tenants) building with secure holding income
- 2 Separate titles
- 10.4m* Oxford Street frontage connecting to 'Electric Lane'
- Development potential (STCA)
- $184,746 per annum holding income
- Base rent of $577/sqm averaged
- Located within Leederville activity centre, 100m* from Leederville Train Station
- Sold as a Going Concern with GST not applicable to the sale
Land and Zoning
Lot 21 139-141 Oxford Street 314sqm*
Lot 7 139-141 Oxford Street 185sqm*
Land Use: Shops
The subject property is zoned 'Regional Centre' within the City of Vincent Local Planning Scheme No 2. The subject property offers development potential subject to council approval.
SALE PROCESS
The property is being sold via a 5 week "Expressions of Interest" campaign closing 5pm (AWST) Wednesday, 12th March 2025. The Information Memorandum is available on request. The Seller reserves the right to accept an offer prior to the campaign closing. Leases, plans and general property information can be accessed via RESO where we encourage interested parties to follow the link and register their offers via the portal.
RESO - https://beta.reso.com.au/i/sjUFzIo96
139-141 Oxford Street provides a prime location accompanied with an abundance of amenity, making it an ideal opportunity for Investors to grab a piece of history with a property that leases impeccably well, so seize your chance and make your mark in the Leederville story!
For further information or to arrange a viewing inspection please contact the listing agents.
*Approximate
**STCA
*Disclaimer* - while best effort is made to ensure information is correct at time of listing, they are provided for reference only and may be subject to change. Chattels depicted or described are not included in the sale unless specified in the Offer and Acceptance. The owners reserve the right to sell the property prior to the closing date.
Remember to mention you found this property on CommercialReady
Never before taken to market or changed hands, a trophy asset like the "Tip-Top" arcade rarely comes to market, located at 139-141 Oxford Street, Leederville. Exclusive listing agents Belle Property Commercial Perth (B.P.C.P) are proud to present to market a generational trophy asset that connects the entire Leederville precinct together.
The fully leased multi-tenanted freestanding building on 504sqm* of land, is the natural throughfare for shoppers, commuters and near on half of Leederville who walk the arcade floors everyday. Customers of the arcade come to grab a baguette & coffee from Little Baguette Co or fight the queues for sushi at Leederville's famous TSUKE-BA, followed by a delicious gourmet cookie from national tenant "Get Chunky". Its truly an iconic building that aligns with the famous "Electric Lane" retail strip across the road.
As the Leederville story continues to evolve with huge development plans on the 2 Hesperia owned car park sites & local businesses ABN Group, Watercorp amongst many others enjoy the fruits of Leederville each day. There's no better property located on Oxford Street that capitalises on this location better than the "Tip-Top" arcade.
What to takeaway:
- Trophy "Tip-Top" arcade asset offered to market for the first time
- Multi-tenanted (5 tenants) building with secure holding income
- 2 Separate titles
- 10.4m* Oxford Street frontage connecting to 'Electric Lane'
- Development potential (STCA)
- $184,746 per annum holding income
- Base rent of $577/sqm averaged
- Located within Leederville activity centre, 100m* from Leederville Train Station
- Sold as a Going Concern with GST not applicable to the sale
Land and Zoning
Lot 21 139-141 Oxford Street 314sqm*
Lot 7 139-141 Oxford Street 185sqm*
Land Use: Shops
The subject property is zoned 'Regional Centre' within the City of Vincent Local Planning Scheme No 2. The subject property offers development potential subject to council approval.
SALE PROCESS
The property is being sold via a 5 week "Expressions of Interest" campaign closing 5pm (AWST) Wednesday, 12th March 2025. The Information Memorandum is available on request. The Seller reserves the right to accept an offer prior to the campaign closing. Leases, plans and general property information can be accessed via RESO where we encourage interested parties to follow the link and register their offers via the portal.
RESO - https://beta.reso.com.au/i/sjUFzIo96
139-141 Oxford Street provides a prime location accompanied with an abundance of amenity, making it an ideal opportunity for Investors to grab a piece of history with a property that leases impeccably well, so seize your chance and make your mark in the Leederville story!
For further information or to arrange a viewing inspection please contact the listing agents.
*Approximate
**STCA
*Disclaimer* - while best effort is made to ensure information is correct at time of listing, they are provided for reference only and may be subject to change. Chattels depicted or described are not included in the sale unless specified in the Offer and Acceptance. The owners reserve the right to sell the property prior to the closing date.
Remember to mention you found this property on CommercialReady
139-141 Oxford Street, Leederville, WA, 6007
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