Long-Term Tenant With Unbeatable Exposure

The Details

Location: Perth, WA

Type: Off Market Commercial

Purchase Price: $1,990,000

Net Rent: $137,651

Net Yield: 6.92%

Cashflow: $58,530 per year (70% loan @ 5.5%)

Lease: Fresh 3 years on lease remaining with 2% rental increases

Total area: 340 sqm

Occupied by a Family Restaurant that has been in that location for 18 years.

Located across from major shopping centre and local Cinema for high foot traffic volume (just taken over by HOYTS)

Recently renovated Kitchen by current Tenants

During due diligence, Hoyts took over the local cinema which will only increase demand and foot traffic for the restaurant

Secured $200k under original asking price!