BLUE-CHIP INDUSTRIAL WITH BIG REDEVELOPMENT UPSIDE
The Details
Location: Perth CBD WA
Type: Commercial
Purchase Price: $2,050,000
Net Rent: $120,000
Net Yield: 5.85%
Cashflow: $80,000 per year (70% loan @ 2.5%):
Lease: 5 x 5 year lease
Net Leasable Area: 650m2
Why we love this property
Decade long tenant
Multiple options for value add, split tenancies or re-develop
Negotiated fresh 5-year lease during the due diligence period
High profile location
Multiple uses – warehouse, showroom, and office. All under one roof!
