+ Long 8 year lease expiring October 2028
+ Solid Government tenant
+ Income $66,500 pa + GST & Outgoings
+ 475sqm improvements
+ Premium brand new fit out
Introduction
Burgess Rawson are pleased to present to the market for sale through Offers Invited
4/40 Fourth Road, Armadale. This blue chip Government leased investment property
comprises an 8 year lease expiring October 2028 with a further 5 year option to a solid
government tenant located opposite the Armadale Shopping Centre. The property
has recently undergone a significant modern fit out presenting to a high standard. The
property is fully leased to 'Child And Adolescent Health Service' with improvements of
475sqm.
Location
The property is located opposite the Armadale Shopping Centre anchored by
key tenants including Aldi, Kmart, Coles & Target and is just 270 metres from the
Armadale Train Station and 950 metres from Armadale Road. The property enjoys
excellent exposure and access from both Fourth Road and the rear car park.
Land Details
Described as Lot 12 on Strata Plan 17609 Volume 2572 Folio 898.
Strata Area
475sqm
Lease Details
Lease Commencement Date: 1st November 2020
Term: 8 years
Option: 5 years
Rent: $66,500 pa + Outgoings & GST
Rent Reviews: Reviewed to CPI annually with a market review at the option.
Outgoings: All usual outgoings are payable by the Tenant.
Current Income
The property is fully leased to Child And Adolescent Health Service and has a current
income of $66,500 pa.
Asking Price
Offers Invited
Goods and Services Tax
The Sellers are registered for GST and the property will be sold as a Going Concern.
For further details please contact the Selling Agent.
*Approx
