INNER CITY INVESTMENT WITH 5 TENANTS & CORNER DEVELOPMENT UPSIDE

The Details

Location: Perth, WA

Type: Off Market Commercial

Purchase Price: $2,950,000

Net Rent: $195,000

Net Yield: 6.6%

Cashflow: $145,000 per year (70% loan @ 2.5%):

Lease: 3 + 3 year lease (warehouse, gym and office)

Lease: 7 + 7 year and 10 year lease (telco’s)

Net Leasable Area: 1,000 m2

Five tenants! Office, warehouse, gym and 2 x Telco’s

Great exposure on a busy road, minutes from Perth CBD

Multi-industry and diverse tenants

Corner block with development upside

Very long leases for Telco providers which are also very low maintenance