$400K SUBURBAN RETAIL WITH HUGE RENTAL UPSIDE

The Details

Location: Perth, WA

Type: Commercial

Purchase Price: $400,000

Net Rent: $23,000

Net Yield: 5.75%

Cashflow: $15,500 per year (70% loan @ 2.5%):

Lease: 4 + 1-year lease (2 years remaining on the first term)

Net Leasable Area: 100m2

Negotiated $70k off the original asking price

Excellent exposure with good passing traffic

Outstanding open floor plan suitable for a number of tenants

Under rented, purchased for a great price, and expect huge uplift in value at market review

Busy shopping centre with ample parking

Great signage and located well within the complex