Large Warehouse With Blue Chip Tenant
The Details
Location: Perth, WA
Type: Industrial with office
Purchase Price: $1,160,000
Net Rent: $67.067
Net Yield: 5.59%
Cashflow: $8,443 (70% loan at 6.5%)
Total Return Including Capital Gains: (cashflow + 6% growth) $80,443
Lease: Current lease ends November 2025 + 4 x 3 year options
Total area: 444 sqm
WHY WE LOVE THIS PROPERTY:
National tenant that has over 200 stores around Australia
New mezzanine
Located in a central industrial precinct
On site car parking