Multi Tenanted Industrial with
Redevelopment Potential

The Details

Location: Perth, WA

Type: Freehold multi tenancy industrial

Purchase Price: $1,450,000

Net Rent: $95,210

Net Yield: 6.57%

Cashflow: $23,522 (70% LVR @ 6.5% interest)

Total Return Including Capital Gains: (cashflow + 6% growth) $110,522

Total area: 1,489sqm building on 3,981 sqm of land

WHY WE LOVE THIS PROPERTY:

Multi tenancy and multiple income streams

Long term existing tenants

Single land holding

Ability to knock down and redevelop

Potential net income of $109,008 per annum following rental increases will make this a 7.5% net yielding asset with value add!!!!