Leased Investment – Westpac

33 fenton place, wongan hills wa

Price: $375,000 (Going Concern)

Property Details

- Current income $26,465.76 pa.
- Leased until July 2019 plus options.
- Purpose built bank, refurbished by Westpac in 2011.
- Corner location.

Wongan Hills is a farming town located in the wheatbelt region of Western Australia approximately 182 kilometres north of the Perth CBD. The area is a prosperous agricultural region with activities focused on sheep, grain and pig farming and has an approximate population of 745 people.

Lease Details
Lessee Westpac Banking Corporation
Expiry 12 July 2019
Total Current Income $26,465.76 pa
Options 5 years plus 5 years
Rent Reviews Annual 3% Market on options

Improvements
Single level 120sqm* GBA banking premises comprising street frontage ATM, front teller area, offices, staff kitchen, male and female toilets. A large area at the rear of the property can be used for parking.

Legal Description
Lot 1 on Diagram 22308 Certificate of Title Volume 1601 Folio 839.

Zoning
The Shire of Wongan-Ballidu advises that the property is zoned 'Commercial'

Land Details
Frontage to Harvest Terrace 48.93 metres*
Frontage to Fenton Place 6.16 metres*
Truncation 5.52 metres*
Total Land Area 524sqm*

Asking Price
$375,000 (GST Going Concern)

Goods and Services Tax
The sellers are registered for GST and the property will be sold as a 'Going Concern' for GST purposes.

For further details please contact the Selling Agent.

*Approx

Featured Details

Gross Building Area 120 sqm
Land Size 524 sqm

Property Enquiry

Thank you for showing interest in us.

Contact Details

Office Details

Level 10, 225 St Georges Terrace Perth WA 6000

T 08 9288 0288 E perth@burgessrawson.com.au

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