$300k Versatile Industrial Property with Future Upside in Rent

The Details

Location: Perth, WA

Type: Off Market Commercial

Purchase Price: $323,000

Initial Net Rent: $13,300

Market Net Rent: $20,900

Initial Net Yield: 4.12%

Net Yield @ Market Rent: 6.5%

Current Cashflow: $1,072 (70% loan at 6.5%)

Cashflow @ Market Rent: $8,368 (70% loan at 6.5%)

Lease: New  2 year lease + 3 X 2 year options available

Total area: 190 SQM

WHY WE LOVE THIS PROPERTY:

Suits wide range of tenant uses

Corner lot exposure

Long lease term duration

Future upside in rent and overall value