Take the opportunity to purchase this leased investment for your portfolio!!!
Zoned Central Business, this well presented Strata Titled office offers immediate income with current tenants WA Primary Health Alliance Ltd signing a new Lease as at 1 July 2015.
The modern well equipped suite offers two separate offices, a board room, a reception area, and shared ablutions and kitchen. There are also two undercover car park bays available at the rear of the premises, accessible via the lane-way.
Lease Details:
- Leased to WA Primary Health Alliance Ltd until 30 June 2018
- Two x Two (2) year option terms
- Current rent is $25,200 per annum (Gross Lease)
- Rent reviews: Fixed 3.00% increase annually with Market at Option Term
- Approximately 11.00% net return
Statutory Outgoings (Unrecoverable from Tenant):
Council Rates 2014/2015 - $2,042.31 per annum (Anticipating a 3.50% rise for the 2015/2016 financial year)
Water Rates 2014/2015 - $222.00 per annum
Building Insurance 2014/2015 - $401.65inc GST per annum
Price to sell at a very fair $205,000 (Going Concern)
For more information and a viewing please contact Daniel Lavery on 08 9080 1900 or 0411174452.
