Rare Opportunity to Acquire Under-Valued Property

The Details

Location: Perth, WA

Type: Off Market Commercial

Purchase Price: $1,390,000

Net Rent: $69,590

Net Yield: 5.01%

Cashflow: $16,291 per year (70% loan @ 5.5%) revised at next lease $33,437 per year (70% loan @ 5.5%)

Lease: 2 years remaining on lease 

Total area: 1,558 sqm (795 sqm building area) 

Why we love this property

Freestanding warehouse with office, mezzanine and rear yard

Great access to the Perth north metropolitan area

Property currently under valued in rent , valued to increase from current rate of $86/m2  revised rate of $110/m2 

Extremely tight for vacancy at the moment where owners rarely sell