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Excited to announce the successful acquisition of another premium retail investment, secured off-market for one of our clients!
At Rethink, our team reviews hundreds of off-market opportunities weekly, with only the top 1% presented to our clients. Investments like this one, have been prevalent for our clients as they are viewed as secure and have great upside, yield, diversity of income, and capital growth as investment strengths.
This premium retail building in WA offers an exceptional investment opportunity. The property spans a land area of 3,005 square meters with a total net lettable area of 943 square meters. It currently hosts 8 fully leased tenancies, making it a secure and attractive investment.
This acquisition secures a total annual income of $365,000, with lease agreements that include annual CPI increases, ensuring continuous growth for our client.
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Purchasing Costs
Key Highlights
- Retail Building
- Land Area - 3,005 square meters
- Net Lettable Area – 943 square meters
- 8 tenancies – 8 leased
- 51 car-bays including disabled
- Lease for vacancy will generate $29,000 per annum
- Net income - $365,000 per annum after all outgoings.
- Annual Rental Increases – CPI, 3% & 4% pa depending on the lease
Get in touch
If you’re interested in joining the lucrative world of commercial property, contact us now.
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