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Sold on 12 Sep 2019

2/103 Flora Terrace North Beach WA 6020

  • Offices
  • 136 m²
  • Sold

Leased investment in a tightly held coastal location - set your own yield!

  • "Going concern" - zero rated for GST
  • Net income $48,077 PA
  • Long lease with annual rent increases!

Securely leased 136m2 office/showroom in a contemporary mixed use development. Set on Flora Terrace’s tightly held commercial strip and featuring 4 carbays, this accessible investment is occupied by a long term lessee (Lease Term 5+5+5) which commenced in May 2017 with a rental of $48,077.12 PA (Plus GST & Outgoings).

Immaculately presented, with a first class tenant, this is an ideal income producing investment.

Offered due to a business consolidation, this is a great opportunity for investors and SMSF’s to stake a claim in a location just off West Coast Drive, surrounded by shops & cafes and with easy access to public transport, main arterial roads and the freeway.

Excellent natural light
Secure parking (4 bays) and gated entry
Excellent depreciation advantages
Fixed rent increases throughout lease term
Tenant pays all outgoings
Owner says sell
Kitchen & bathroom facilities
To be sold as a Going Concern - zero rated for GST

Auction on site, Thursday September 26th at 11.00 am

Terms: deposit $25,000, settlement 30 days

Outgoings:

City of Stirling - $3453 PA
Strata $4130 PA
Watercorp: $1323 PA plus consumption
Air cond Maintenance $720 PA
Fire Equipment Inspections $235.70
*Note - all outgoings are paid by the tenant as per the lease

Parking: 4 bays

Zoning: Business under City of Stirling LPS3

Full IM available

AUCTION

Auction date and time26/09/2019 11:00
Auction locationAsk Agent

Property Highlights

Property ID2015545711
Date Sold12 Sep 2019
Floor Area136 m²
Land AreaAsk Agent
Parking4 x Onsite parkings
Building TypePartial building
Category
Last updated  26 Aug 2019
Map for 2/103 Flora Terrace North Beach WA 6020
Hayes Commercial
17b Bruce St North Fremantle WA 6159

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