115/1 Silas St East Fremantle WA 6158

Now available to SMSF and property investors a high yield investment property with a solid lease income and estimated 8.65% net return on advertised sale price

Located in the heart of East Fremantle and conveniently situated on the Canning Hwy ground floor level of Richmond Quarter the property serves as a reception, office and staffroom for two quality tenants including national hospitality firm and operator of the Sweetwater Rooftop Bar on level 6, Australian Venue Corporation, and the Seashells operated Nautica Residences on levels 4 and 5.

Key features include;
• 46 sqm strata floor area
• 46 sqm exclusive use lobby area
• 16 sqm exclusive use store-room and services areas
• 1 x secure undercover car bay plus ample customer parking
• 122*sqm of total area leased to 2 x tenants
• Over 5 years remaining of initial lease terms plus 3 x 5 year options
• Estimated 8.65% passing yield on advertised from sale price

Do not miss this opportunity to secure a high yield investment at this sought after price point located in a blue chip area.

For further details or to arrange an inspection please contact the exclusive selling agent David Lightfoot.

*Approximate