Dual Income OPPORTUNITY! Long Term Tenants in BUSTLING Area

The Details

Location: Perth, WA 

Type: Off Market Industrial

Purchase Price: $1,925,000

Net Yield: 5.82%

Cashflow: $22,933 (70% loan at 6.5%)

Lease: 2 years remaining on lease with a 3-year renewal option. 

Total Area: 1,099 sqm (869 sqm warehouse, 115 sqm ground floor office, 115 sqm first floor office)

WHY WE LOVE THIS PROPERTY:

High-quality tilt panel concrete build (9m high panels)

Near new – great depreciation benefits

Mezzanine value add in the future (STCA)

Fenced and secure access

Under rented with potential to lift rents within 2 years to make this a 7% + return!!!