This 279m2 is a modern, tilt panel showroom/warehouse strata in a group of only 2 units, thus there is no strata fees other than proportionate shared insurance and gardening and water useage.
The lessee is a well known Mandurah business that has been a long term tenant in the property and they have just extended their lease to November 2023 (ie. approx 4.5 years) and with further options of 3 years plus 3 years.
Rent is static at $33,600 to 30th November 2020, then there are 3% rent reviews.
This shows an approximate 7.65% return on the asking price, so be quick as leased investments do not last long and this is a real beauty.
Contact Peter Vetten, your Commercial Property Specialist with local knowledge and national strength.
M: 0403 584 466 E: [email protected]
|R&H Suburb Summary||Houses|
|Number of sales||110|
|Median Rental Price||$275 p.w.|
|Change in Rental Rate (5yr)||-19 %|
|R&H Suburb Summary||Units|
|Number of sales||118|
|Median Rental Price||$270 p.w.|
|Change in Rental Rate (5yr)||-31 %|