Triple Threat Industrial Property: Flaunting a Showroom, Office Suite, and Expansive Rear Yard

The Details

Location: Perth, WA

Type: Commercial

Purchase Price: $650,000

Net Rent: $37,000 (4% increase in September pushing rent to $38,200)

Net Yield: 5.69%

Cash Flow: $9,000 (70% loan at 6.5% interest rate)

Lease: Current 2-year lease with further 2-year renewal option (pending market view)

Total area: 236 sqm showroom/warehouse/workshop, 50 sqm first floor office and storage, 69 sqm enclosed rear yard

Well connected to the Perth metropolitan area, being close to Reid Highway, Tonkin Highway and Alexander Drive

Ample on-site car parking

Property is under 13km to Perth CBD and just 20km to Perth Airport

Positioned at the end of the complex with best exposure

Will appeal to a multitude of tenants given the layout