278 Railway Parade, WEST LEEDERVILLE WA 6007
$3,995,000 Going Concern
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- 0 x Onsite parking
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- 0.0 NABERS energy rating
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- 16 Jan 2017
Blue Chip Leased Investment
- $225,840 net income pa.
- Emerging residential/commercial precinct.
- Fixed annual increases.
- Depreciation benefits.
- Long term leases.
- Prominent corner location.
Burgess Rawson is pleased to offer for sale 278 Railway Parade, West Leederville. A high quality fully leased investment property with depreciation benefits.
Located on the corner of Railway Parade and Northwood Street, with a high passing traffic count and easy walking distance to the Post Office, Coles & specialty shops, cafés and child care facilities. West Leederville Train Station is also just across the road, perfect for clients and staff.
First Floor Offices - Estee Lauder Pty Ltd
Parking 10 secure under cover car bays
Lease Commencement 1st July 2015
Lease Expiry 30th June 2022
Commencing Rent $174,444 pa + GST + Outgoings
Reviews Fixed at 3% pa with market at option renewal
Initial Term 7 years + 3 year option
Ground Floor Office / Retail / Cafe - Express Interior Design
Parking 2 secure under cover car bays
Lease Commencement 1st June 2015
Lease Expiry 30th May 2020
Commencing Rent $45,400 pa + GST + Outgoings
Reviews Annually to CPI with market at option renewal
Initial Term 5 years + 5 year option
Lot 5 on Diagram 595 Certificate of Title Volume 1197 Folio 119.
Total Current Net Income - as at 1st July 2016
$225,840 + GST + Outgoings
$3,995,000 (Going Concern)
For further details please contact the Selling Agents.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
278 Railway Parade WEST LEEDERVILLE