 Asset Class: | Retail |
 Price: | $ 995000 |
 Net Yield: | 6.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<p class="mb-4">Well-located dual-tenanted commercial strata property with a strong net yield, positioned in the sought-after suburb of Mosman Park, right next to Perth's famous Cottlesloe Beach.</p><p class="mb-4">This 150 sqm street-front asset offers two established income streams across Tenancy 1 and 1A</p><p class="mb-4">Tenancy 1 is leased to Renaissance Cosmetic Clinics Australia, a national operator with nine clinics across multiple states. </p><p class="mb-4">Tenancy 1A is leased to Glyde Coffee Co, a popular local café with strong community engagement and social media presence. </p><p class="mb-4">The owner of the Renaissance Clinic chain is selling the property and is prepared to lease back Tenancy 1 on a fresh 5 year net lease from 1st June 2025, which will see the property generate an estimated net income of $64,705 per annum with a 6.5% passing yield. </p><p class="mb-4">The property boasts easy access to major transport routes and public transport including rail, and is surrounded by fully established premium suburbs, commercial operators and community services.</p><p class="mb-4">Lease summary:</p><ul class="bullet-list"><li><p class="mb-4">Glyde Coffee Co: 3-year lease to June 2026 with a 3-year option</p></li><li><p class="mb-4">Renaissance Cosmetic Clinics: 5-year lease from June 2025 to June 2030 with a 5-year option</p></li></ul><p class="mb-4">This is a modern, low-maintenance property with a strong net yield in one of Perth’s most tightly held commercial precincts.</p>
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<p class="mb-4">Situated in the premium suburb of <strong>Mosman Park</strong>, this property enjoys a coveted position between the Swan River and the Indian Ocean. Located near Perth's famous <strong>Cottesloe Beach</strong>, the area is known for its affluence with median house prices exceeding $2.1 million.</p><p class="mb-4">The property benefits from its strategic position with excellent connectivity to Perth's CBD via public transport, with train lines within walking distance. The surrounding area features a blend of high-density residential projects, commercial operators, and community services, ensuring a steady flow of traffic.</p><p class="mb-4">Mosman Park represents one of Perth's most desirable locations, offering the balance of residential prestige and commercial amenity, with direct access to major city connectors and community services.</p>
Additional Location Information File<p class="mb-4">The property features two quality tenants:</p><p class="mb-4"><strong>Glyde Coffee Co</strong> - A vibrant café occupying 56 sqm since 2023 on a 3+3 year lease term. The café has established a strong social media following, contributing to consistent customer traffic. Their lease includes CPI increases, ensuring growing returns. Additional information about Renaissance can be found at <strong>https://www.instagram.com/theglyde.cafe/?hl=en</strong></p><p class="mb-4"><strong>Renaissance Cosmetic Clinics Australia</strong> (Seller of 1A & 1B, asset, is leasing back 1B) - A substantial multi-state tenant operating 9 stores nationwide. Set to occupy 93 sqm on a 5-year lease commencing June 2025 with an option to extend to May 2030. Their agreement includes fixed 3.5% reviews, providing predictable income growth. Additional information about Renaissance can be found at <strong>https://www.renaissanceclinics.com.au/</strong>.</p><p class="mb-4">This tenant mix provides excellent income diversity through established businesses with complementary customer demographics.</p>
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<p class="mb-4">This asset is providing an estimated <strong>6.5% net</strong> on the contract price of $995,000, with a total estimated net income of ~<strong>$64,705 per annum</strong>.</p><p class="mb-4">The financial structure includes:</p><ul class="bullet-list"><li><p class="mb-4">Café (The Glyde Coffee Co): 3-year lease from June 2023 to May 2026 with another 3-year option, generating $26,400 pa ($2,200/month) with outgoings of ~$6,455 per annum and CPI increases</p></li><li><p class="mb-4">Renaissance Cosmetic Clinics: 5-year lease from June 2025 to May 2030 plus option, delivering $37,200 pa with fixed 3.5% reviews</p></li></ul><p class="mb-4">The current estimated net income from the Café portion is ~<strong>$27,505 ($491/sqm)</strong>, with the total property delivering an attractive return profile with built-in growth through fixed and CPI increases.</p>
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<ul class="bullet-list"><li><p class="mb-4">Premium location in affluent Mosman Park with median house prices exceeding $2.1 million</p></li><li><p class="mb-4">Attractive ~6.5% net passing yield</p></li><li><p class="mb-4">Established multi-state anchor tenant with 9 stores nationwide</p></li><li><p class="mb-4">Vibrant local coffee shop tenant with prominent social media presence</p></li><li><p class="mb-4">Extended tenures with 5+5 and 3+3 year lease structures</p></li><li><p class="mb-4">Street-front position with excellent visibility and exposure</p></li><li><p class="mb-4">Surrounded by high-density residential developments for steady foot traffic</p></li><li><p class="mb-4">Low-maintenance commercial property requiring minimal owner involvement</p></li><li><p class="mb-4">Dual income streams providing investment diversity and security</p></li><li><p class="mb-4">Modern commercial fit-out with attractive presentation</p></li><li><p class="mb-4">Mix of fixed and CPI increases ensuring growing returns</p></li><li><p class="mb-4">Walking distance to public transport and major city connectors</p></li><li><p class="mb-4">Security bonds </p></li></ul>
