Situated in the premier southern district of Canning Vale on the corner of Magnet Road and Madison Street, this fully leased property offers an outstanding opportunity for astute property investors.
Positioned within a food production and processing precinct, close to Market City - Perth's main fresh produce and wholesale market - this property is leased to two tenants on secure 10-year leases with a net income of $310,000 per annum net and 3% fixed annual rental growth.
Other features include:
- Land area: 5,700 sqm
- Total building area: 2,459 sqm
- 10 year WALE commencing 1st July 2021
- Major CAPEX refurbishment upgraders recently completed
- Suitable opportunity for investors, syndicators and SMSF
To obtain a copy of the IM or to arrange an inspection please contact the exclusive selling agent, Wayne Chorley.
