High Quality Leased Investment in a Blue Chip Location
- The West Perth Mini Mart.
- Two undercover car bays.
- Rare opportunity.
- Current net income $71,059 pa + GST.
- Excellent location.
Burgess Rawson is pleased to offer for sale 129/1178 Hay Street, West Perth to be sold as a leased investment. The premises is currently tenanted by the West Perth Mini Mart who have been in occupation since November 2013. The property is located on the ground floor of this mixed use development.
Located on Hay Street, West Perth one of Perth,™s main commercial localities. The property enjoys a large amount of exposure and foot traffic. Hay Street is a very tightly held retail precinct within the Perth city fringe area and this property is one of only a few retail properties to come up for sale in this area.
Land Details - Lot 129 on Strata Plan 56752 Certificate of Title Volume 2783 Folio 829.
Building Area - 144sqm* NLA
The City of Perth confirm the property is currently zoned ,Town Centre,™.
Term: 5 years
Lease Commencement: 1 November 2013
Lease Expiry: 31 October 2018
Current Rent: $71,059 + GST + Outgoings
Rent Reviews: 5% fixed annual increase with market review at option
Option: 5 year term
Asking Price - $1,480,000 Going Concern
For further information please contact the agent.
- Building area |