Securing the Essentials: A Long-Term Service-Based Tenancy in Popular Perth Suburb

The Details

Location: Perth, WA

Type: Retail showroom / warehouse

Purchase Price: $620,000

Net Rent: $32,052

Net Yield: 5.72% (will be above 6% by November following CPI increase)

Lease: 5-year lease with one x 5-year renewal option

Total area: 166 sqm

Prominent commercial suburb of Perth

Long term tenant of 19 years with a new lease renewal option

15 minutes from Perth CBD

Opposite Bunnings, BCF and Supercheap Auto

Main road exposure with 30,000+ vehicles passing daily