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2/31 Council Avenue
Rockingham WA 6168
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Sold on 11 Nov 2019

2/31 Council Avenue Rockingham WA 6168

  • Medical / Consulting
  • 501 m²
  • Sold

Investment Property with Premium Tenant

This Investment Property features a premium tenant, with a good stable track record. With another 5 years remaining in the Lease, this property presents great value to any investor looking to purchase a well-maintained city centre property, with a long standing tenant and great future outlook for stability.

Lease Details:

Tenant: Palmerston Association Inc.
Lease Expiry: 4 September 2024
Rent Income: $90,180 per annum
Outgoings: $26,837 per annum (payable by the tenant)
Rent Reviews: Fixed 3% per annum

Tenant Details:
Palmerston Association is a leading and respected not-for-profit provider of alcohol and other drug services. They have a rich and proud history of providing support through a range of services including counselling, groups, residential rehabilitation and educational initiatives. Their free community services are in nine locations in the metropolitan area and Great Southern region. They have two residential rehabilitation services, one in the southern suburbs of Perth and one in the South West.

Improvements:
- Extensive Fit-out (spent approx $500,000)
- New A/C system installed (Late 2017)

Expressions of Interest close Wednesday 16 October 2019 4pm (AWST).

For further information or to arrange an inspection please contact:

Enrique Reyes
Ray White Commercial (WA)
M:0421 888 688
E:enrique.reyes@raywhite.com

*approximately

Ray White Commercial (WA)
Ray White Commercial (WA)
Ground floor, 12-14 The Esplanade
Perth, WA 6000

Property Highlights

Date Sold11 Nov 2019
Floor Area501 m²
Land AreaAsk Agent
Energy0-star NABERS Energy rating
ParkingAsk Agent
Property ID2015606924
Category
Last updated  3 Apr 2020
Map for 2/31 Council Avenue Rockingham WA 6168

Nearest transport* to 2/31 Council Avenue Rockingham WA 6168

Bus
Train
Council Av After Henry St115 m
Contest Pde Rockingham Centre Shopping Ctr168 m
Contest Pde Rockingham Centre Shopping Ctr186 m
Council Av After Henry St191 m
Data source: Transperth. This data is available free of charge fromwww.transperth.wa.gov.au.
*Within a 4km radius
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Ray White Commercial (WA)
Ray White Commercial (WA)
Ground floor, 12-14 The Esplanade
Perth, WA 6000

Property Highlights

Date Sold11 Nov 2019
Floor Area501 m²
Land AreaAsk Agent
Energy0-star NABERS Energy rating
ParkingAsk Agent
Property ID2015606924
Category
Last updated  3 Apr 2020

Listed by

Enrique Reyes
Enrique Reyes
Ray White Commercial (WA)
Call
0421 888 688

More about 2/31 Council Avenue Rockingham WA 6168

2/31 Council Avenue Rockingham WA 6168 is categorized as Medical & Consulting Property. It has a floor area of 501 m². The listing ID for this property is 2015606924.

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