$200k Uplift from Vacant Posession Purchase!

The Details

Location
Perth, WA
Type
Industrial
Purchase Price
$1,000,000
Rent
Market rent minimum $60,000
Yield
6% +
Cashflow
$14,500 (70% LVR @ 6.5% interest rate)
Total Return (incl. capital gains)
$74,500 (Cash flow + 6% capital growth)
Lease
Vacant possession (no lease in place)
Total Area
303 sqm under roof + 7 sqm balcony (plus ~50 sqm additional mezzanine not on strata plan)
Vacancy Rate
0.70%

Why We Love This Property

  • Versatile showroom industrial layout
  • High-truss warehouse
  • Corner exposure to two main roads
  • Additional 50m2 of unapproved mezzanine
  • Purchased $200k below market value by buying vacant
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