Leased Investment Opportunity

Burgess Rawson are pleased to present to the market for sale this commercial leased investment. The property comprises of 88sqm* ground floor Hair Salon leased until July 2021 plus a further option until July 2026.

The net income is $28,008 plus GST with fixed 3.5% increases during the term and a market review at the end of the option. The property comes with 3 exclusive car bays, as well as communal restroom facilities. The property offers a modern hair salon fit out. Walking distance to the Cockburn Train Station.

Features
+ Leased until July 2021 plus options to July 2026
+ Net income of $28,008pa + GST
+ Current Yield 7.59% pa
+ 88sqm* with 3 car bays
+ Leased Investment
+ Well located off the Cockburn Central Train Station
+ Ideal for Superfund

Total Area: 88sqm*

Net Income
$28,008pa + GST

Car Bays
3 exclusive bay

Statutory Outgoings
Strata Levies: $912 per quarter*
Water Rates: $1,418.04pa*
Council Rates: $2,831pa*

Land Details
Lot 131 on Strata Plan 63457 Volume 2810 Folio 431

Goods and Services Tax
The property will be sold as a Going Concern.

For further details please contact the exclusive selling agent Chris Tonich.

* Approx