Freestanding Warehouse in Perth!

The Details

Type: Off-market Industrial

Purchase Price: $1,080,000

Net Rent: $59,500

Net Yield: 5.5%

Cashflow: $42,000 per year (70% loan @ 2.5%)

Lease: Recent 5+3+2 year lease

Net Lettable Area: Building 702 sqm + Land 1525 sqm

Highest demand location in Perth

Long-term tenant on a long-term lease

Central location within a busy commercial/industrial precinct

Huge warehouse with office space/showroom at the front of the property

Great depreciation

Tenants’ business is recession-proof