TWO UNITS IN A THREE-UNIT COMPLEX WITH THE POTENTIAL TO OWN THE LOT!
The Details
Location: Perth CBD, WA
Type: Commercial
Purchase Price: $730,000
Net Rent: $48,500
Net Yield: 6.7%
Cashflow: $34,000 per year (70% loan @ 2.5%):
Lease: 3 + 3 + 3 year lease
Net Leasable Area: 400m2
Why we love this property
Small complex of three units, potential to purchase the third unit at a later date
Three roller doors over two units
A very secure tenant has been in the complex since 2006
The net leasable area can be increased with approvals for office space and covered hardstand
Great access to Perth CBD, Airport, and Fremantle Port
An industrial area surrounded by residential
