Long Term Tenant in Dual Access Warehouse with $250k Worth of Depreciation

The Details

Location: Perth, WA

Type: Off Market Commercial

Purchase Price: $1,900,000

Net Yield: 6.58%

Cashflow: $33,550 (70% loan at a 6.5% interest rate)

Lease: 3 year lease commenced July 2023 with 1 x 3 year renewal option

Total Area: 954 sqm

WHY WE LOVE THIS PROPERTY:

Long term tenant and established tenant

Strong dual street exposure with multiple roller doors

Expensive fitout with plant and equipment ensuring this tenant is committed long-term

$250K in depreciation in the first 5 years!!