Neat New Industrial Property Purchased
WELL Below Market Value

The Details

Location: Perth, WA

Type: Off Market Commercial

Purchase Price: $1,900,000

Net Rent: $105,000

Current Net Yield: 5.55%

Projected Net Yield: 6.95% (based on current leasing rates)

Cashflow: $38,000 per year (70% loan @ 5.5%)

Lease: 2 years remaining on a 3 year lease

Total area: 1100 sqm of building on 1400 sqm of land

Near new industrial property with huge depreciation

Currently well under rented, ability to increase rent significantly in 2 years which will add $30k of income and an estimated $300k of equity

Strong tenant interview, plans for long term lease extensions

Secured exclusively off market through our relationship with local agents

High truss warehouse with 10 on site car parks