Multi-Tenanted Retail With Above-Market Yield

The Details

Location: Perth, WA

Type: Retail

Purchase Price: $9,800,000

Net Rent: $667,858

Net Yield: 6.81%

Cashflow: $200,565 70% loan at 6.5%)

Total Return Including Capital Gains:  (cashflow + 6% growth) $690,565

Lease: 8 tenancies 

Total area: 2,959 sqm on 6,447 sqm of land

What we like about this property: 

12 separate units with 8 tenants

Each unit has its own glass frontage and access

175 car bays

Value add potential with new digital sign board installed