Medical Long-Standing, Recession-Proof Tenant in Place

The Details

Location: Perth, WA

Type: Off Market Commercial

Purchase Price: $1,255,000

Net Rent: $78,896

Net Yield: 6.29%

Cashflow: $30,423 per year (70% loan @ 5.5%)

Lease: 4 years on lease remaining with 4.45% rental increases with another 10 year option

Total area: 139 sqm

Current tenant has occupied this space since 2007

Next to major shopping centre and a McDonalds and Subway

A long standing recession proof tenant

Recently undergone a significant modern fit out presenting to a high standard