Multi Tenanted Retail Surrounded by International Tenants

The Details

Location: Perth, WA  

Type: Off Market Retail

Purchase Price: $1,600,000

Net Yield: 6.44%

Cashflow: $31,080 (70% loan at 6.5%)

WALE: 2.5 yrs with 1 x 5yr option and 1 x 3yr option

Total Area: 348m2 split across two tenancies

WHY WE LOVE THIS PROPERTY:

Restaurant has been at this location since 2001!

Complex has a great mix of medical, showroom and retail tenancies

Neighbouring tenants include Coles, McDonalds, KFC and Subway

Extensive due diligence uncovered discrepancies with leases which we had rectified by the seller

Solid fixed 4% increases across both tenancies

Bonus ATM income which we had a lease extension agreed during due diligence