Prime Beach Front Location with Long-Term Tenant

The Details

Location: Perth, WA

Type: Commercial

Purchase Price: $1,535,000

Net Yield: 6.19%

Cashflow: $24,358 (70% loan at 6.5%)

Lease: 3 years left on a 10 year lease with two 5-year renewal options

Total Area: 320 sqm

WHY WE LOVE THIS PROPERTY:

Prime beachside location makes it a destination location for surrounding residents

The fit out is owned by the tenant tying them to the property, and is beautifully presented.

5 KMs from the centre of Fremantle

Provisions in the lease for additional income based on tenants business turnover

Huge parking lot located next to complex