Strong Returns with Long-Term Tenant in PRIME Industrial Hub

The Details

Location: Perth, WA

Type: Retail

Purchase Price: $650,000

Net Yield: 5.88%

Cashflow: $10,086 (70% loan at 6.5%)

Lease: 5-year lease until November 2024, and tenant has now also exercised another 5-year renewal option early taking it out until 2029!

Total Area: 149 sqm building + 245 sqm land

WHY WE LOVE THIS PROPERTY:

The tenants business provides catering services to back up the café business

Strong return at affordable price point with long term tenant

Purposefully built for fit out

Strong street exposure

Long-term established tenant that has been here since 2009

New lease-renewal option exercised during due diligence period until 2029