High Yielding, Multi Tenanted Retail in
Fast-Growing Residential Region

The Details

Location: Perth, WA

Type: Retail

Purchase Price: $6,590,000

Net Rent: $425,179

Net Yield: 6.45%

Cashflow: $102,823 (70% loan at 6.5%)

Total Return Including Capital Gains: (cashflow + 6% growth) $498,223

Lease: Long history of tenancies for all 9 tenants

Total area: 1,412 sqm on 4,778 sqm of freehold land.

WHY WE LOVE THIS PROPERTY:

12% Rental uplift opportunity when lease ends, adjusting to 7%+ net yield

Fantastic exposure to the main arterial road

Located in the fastest-growing residential region in Perth

Multiple income streams with 9 tenancies