SUB $300K INDUSTRIAL WAREHOUSE WITH DECADE LONG TENANT

The Details

Location: Perth, WA

Type: Off Market Commercial

Purchase Price: $265,000

Net Rent: $13,500

Net Yield: 5.1%

Cashflow: $8,500 per year (70% loan @ 2.5%):

Lease: Fresh 2 + 2 + 2 year lease

Net Leasable Area: 110m2

Sub 300k!!

Negotiated $40k off contract price during due diligence

Solid tenant having been in-situ for over 10 years

Fantastic lease with great increases

High truss primed for value add with a mezzanine

Highly sort after complex close to CBD (no vacancies)