Outstanding Deal: Medical Property Acquired for Under $1M with Long-Term Tenant in Place

The Details

Location: Perth, WA

Type: Off Market Commercial

Purchase Price: $960,000

Net Rent: $55,500

Net Yield: 5.8%

Cashflow: $20,000 per year (70% loan @ 5.5%)

Lease: BRAND NEW 3 year lease with options until 2032

Total area: 250 sqm

Purpose built fit out for a tenant that has been here for close to 20 years!!

Long term existing medical tenant

Excellent road exposure

Secured exclusively off market through our relationship with local agents

Negotiated $15k off during due diligence for potential future maintenance