This 279m2 is a modern, tilt panel showroom/warehouse strata in a group of only 2 units, thus there is no strata fees other than proportionate shared insurance and gardening and water useage. The lessee is a well known Mandurah business that has been a long term tenant in the property and they have just extended their lease to November 2023 (ie. approx 4.5 years) and with further options of 3 years plus 3 years. Rent is static at $33,600 to 30th November 2020, then there are 3% rent reviews.
This shows an approximate 7.65% return on the asking price, so be quick as leased investments do not last long and this is a real beauty.
Contact Peter Vetten, your Commercial Property Specialist with local knowledge and national strength. M: 0403 584 466 E: pvetten@rhmandurah.com.au
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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