Recession Proof Tenant on Long Term Lease

The Details

Location: Perth, WA

Type: Commercial

Purchase Price: $710,000

Net Rent: $47,000

Net Yield: 6.62%

Cashflow: $20,785 per year (70% loan @ 5.5%)

Lease:Leases till till 30 July 2025 plus 2 x 5 year options to 2035

Total area: 222 sqm

Great access to the Perth south metropolitan area

Leased to large national supermarket till 30 July 2025 plus 2 x 5 year options to 2035

Room to increase rent further in the future

Negotiated price reduction during due diligence for a brand new air con unit