Lots 4,5 & 6, 40 Lord Street
East Perth WA 6004
Sale price $945,000
SHORT TERM HOLDING INCOME - 7.3% approx!
GOOD FUTURE OCCUPYING POTENTIAL!
GROUND LEVEL - FULLY PARTITIONED WORKING AREA !
269m2 ground level commercial area consisting of 3 units, combined into one tenancy currently. Selling as a going concern with Tenant in place until 31 December 2021 with a passing net rental income of $69,215per annum. This allows for an owner occupier to buy now with a great return an then move into it once the tenant leaves. Current lay-out includes Reception, 3 offices, 3 large open plan work areas, Store, two kitchens, private male and female toilets. Future flexibility due to the fact that it is 3 separate lots which allows form leasing and future selling of smaller areas if required. 2 Onsite car-bays as exclusive use, plus plenty of street parking provided on Moore Street. Very well located across from Royal Perth Hospital. The complex is on the corner of Lord Street, Wellington Street and Moore Street. Public Transport easily provided by Nearby Yellow CAT bus stops on Wellington St in addition to McIver railway Station within walking distance. Very Easy Access to Freeways from Lord Street onto Graham Farmer Freeway. Worth an inspection to understand the potential. Call Adam to arrange.
2 Carbays for Exclusive use