4/3 Barnett Court Morley WA 6062

Ray White Commercial (WA) is pleased to present for sale 4/3 Barnett Court, Morley. This presents as an excellent opportunity for an entry level investor looking to start their property portfolio.

Property Specifics Include:
• 180sqm of warehouse improvements
• 253sqm total strata area
• 4 exclusive car bays
• Kitchenette and single WC
• High bay lighting

Lease Specifics Include:
• Tenant: Old School Motorcycles Service and Repairs
• Term: 3 year term expiring 31st August 2023 with a 3 year option
• Security: Personal Guarantee only
• Rent: $22,690.90pa gross (inc outgoings)
• Rent Increase: fixed 4% annual increases and market review at options

Outgoings Include:
• Water Rates $2,000
• Strata Rates $900
• Council Rates $2,400
• Strata building Insurance: $1,200
• Total $6,500

ASKING PRICE $415,000 nil GST - sold as a going concern

The property is located within the heart of the well-established and recognised Morley Commercial / Industrial precinct and is only a short walk away from the Transperth Morley Bus terminal and Morley Galleria Shopping Centre. The property boasts suburb access to major arterial thoroughfares such as Walter Road, Collier Road, Tonkin Highway and numerous others.

Further internal images available upon request.

For more information or to arrange an inspection please contact:

Tom Jones
Ray White Commercial (WA)
M: 0478 771 117
E: tom.jones@raywhite.com