Prominent Perth Hospitality Asset with Strong Lease Profile

The Details

Location
Perth, WA
Type
Retail
Purchase Price
$1,950,000 Going concern
Rent
$128,750.04 p.a.
Yield
6.6%
Cashflow
$50,025 net (70% LVR at 6.5% interest rate)
Lease
First 5 year term expiring 19 May 2028 with further 5 year term
Total Area
1,012 sqm land; 517.54 sqm building area approx

Why We Love This Property

  • Prominent hospitality/retail asset on a major road
  • Established food and beverage tenant
  • 5 year lease with further 5 year option
  • Annual 3% rent reviews
  • 100% recoverable outgoings
  • Circa 2011 constructed building with outdoor balconies/alfrescos
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