This exceptional commercial property presents a once-in-a-lifetime opportunity to acquire the premium retail centre, Brand New Convenience Centre just 28 Kms from the Perth CBD. <br><br>The asset comprises a total land area of 13,800 square meters and a net lettable area of 4,345 square meters. The property is anchored by IGA, it also includes a number of other national tenants such as; Snap Fitness, BP Australia, Taco Bell and Autobahn electrical. <br><br><b><u>Why we think this is a Great Investment Oppurtunity: </u></b><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:0px;color:inherit;font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;margin-inline-start:0px;">Purchasing the asset well below the estimated replacement value </span></p></li></ul><ul style='list-style-type:ulRightPointer;list-style-image:url("data:image/svg+xml,%3Csvg xmlns=%22http://www.w3.org/2000/svg%22 width = %229px%22 height = %229px%22%3E%3Cpath d = %22M14.6,95c0,0.1,0,0.1-0.1,0.2c0,0.1-0.1,0.1-0.2,0.1l-7,3.2c-0.1,0-0.1,0-0.2,0S7,98.4,6.9,98.4 c0,0-0.1-0.1-0.1-0.2s0-0.1,0-0.2l1.4-3.3l-1.3-3.4c0-0.1,0-0.1,0-0.2s0-0.1,0.1-0.2c0,0,0.1-0.1,0.2-0.1s0.1,0,0.2,0l6.9,3.7 c0.1,0,0.1,0.1,0.2,0.1S14.6,94.9,14.6,95z%22 style=%22fill:rgb(36%2C%2036%2C%2036)%3Btransform:translate(-6px,-90px)%3B%22/%3E%3C/svg%3E");list-style-position:inside;padding-inline-start:20px;'><li style="margin-inline-start:40px;color:rgb(36, 36, 36);font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:inherit;font-style:inherit;font-weight:normal;">Land Value: $1,000 Per Sqm x 13,800 m2 = $13,800,000</span></p></li></ul><ul style='list-style-type:ulRightPointer;list-style-image:url("data:image/svg+xml,%3Csvg xmlns=%22http://www.w3.org/2000/svg%22 width = %229px%22 height = %229px%22%3E%3Cpath d = %22M14.6,95c0,0.1,0,0.1-0.1,0.2c0,0.1-0.1,0.1-0.2,0.1l-7,3.2c-0.1,0-0.1,0-0.2,0S7,98.4,6.9,98.4 c0,0-0.1-0.1-0.1-0.2s0-0.1,0-0.2l1.4-3.3l-1.3-3.4c0-0.1,0-0.1,0-0.2s0-0.1,0.1-0.2c0,0,0.1-0.1,0.2-0.1s0.1,0,0.2,0l6.9,3.7 c0.1,0,0.1,0.1,0.2,0.1S14.6,94.9,14.6,95z%22 style=%22fill:inherit%3Btransform:translate(-6px,-90px)%3B%22/%3E%3C/svg%3E");list-style-position:inside;padding-inline-start:20px;'><li style="margin-inline-start:40px;color:inherit;font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:inherit;font-style:inherit;font-weight:normal;">Building Value (Very Conservative Numbers): $3,000 x 4,345 m2 = $13,035,000</span></p></li><li style="margin-inline-start:40px;color:inherit;font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:inherit;font-style:inherit;font-weight:normal;">Total Value: $26,835,000</span></p></li></ul><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:inherit;font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;">The IGA rent has performance rent clause in there. The IGA centre is one of the largest in WA. The brand new centre has performance rent clause which will increase the net rent in years to come. </span></p></li><li style="list-style-image:none;color:inherit;font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;">The new train station will bring more people to the area which will increase the demand</span></p></li><li style="list-style-image:none;color:inherit;font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;">Recently constructed, the asset offers significant depreciation benefits. </span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:inherit;font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;margin-inline-start:0px;">You are purchasing a fully leased and diverse income profile with almost 100% of the income secured by national tenants </span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:inherit;font-style:inherit;"><p style="padding-left:0px;display:inline;"><span style="color:rgb(36, 36, 36);font-style:inherit;font-weight:normal;margin-inline-start:0px;">A true set and forget investment with a WALE of 9.65 years. Brand new assets like Nicholson Central are becoming increasingly rare due to the challenges we are facing in the current construction market.</span></p></li></ul><br>We look forward to securing this opportunity for you.<br><br>