Unlock the Potential: Versatile, Freestanding Site with Room to Grow

The Details

Location: Perth, WA

Type: Off Market Commercial

Purchase Price: $965,000

Net Yield: 6.52%

Cashflow: $19,496 (70% loan at a 6.5% interest)

Lease: 3 year lease commenced July 2023 with 1 x 3 year renewal option

Total Area: 2023 sqm ( 225 sqm warehouse, 215 sqm warehouse, 85 sqm shed,140 sqm house )

WHY WE LOVE THIS PROPERTY:

Long term tenant and established tenant that also operates next door

Multi-use site: residential and industrial

Expensive fitout with plant and equipment ensuring this tenant is committed long term

Triple net lease!

Obtained under $100k under the asking price.

Development upside