Acquire 2 Adjoining Units for Only $468,000 with Sitting Tenant until June 2022

1&2/103 Royal Street, East Perth

$468,000
  • Land112m2
  • TypeOffices
  • Car Bays2

1&2/103 Royal Street, East Perth

Property Highlights

  • Tenanted Until 30/06/2022
  • Ground Floor, Street Fronting Units
  • 2 Adjoining Units Sold Together

Perth Commercial Property as exclusive Selling Agents are pleased to offer for sale Units 1 and 2 / 103 Royal Street, East Perth.

THE LOCATION
Very well positioned in the heart of the East Perth commercial precinct with a lovely tree-lined street.

THE DETAILS
Ground floor units with large shop windows facing the street.
Great parking with 4 undercover/basement, on title, bays.
Partitioned offices

Site improvements: * 85m2 Unit 1 39 m2 (inclusive of 7m2 store) and Unit 2 46m2
Site area: * 112m2 Unit 1 53m2 and Unit 2 59 m2

Car bays: 4 undercover in total – 2 per unit on title

THE LEASE DETAILS
Fully leased to 30 June 2022 – tenancy in occupation since 2014
Passing income of $21,330 pa plus GST and outgoings
Fully recoverable outgoings

ZONING
The City of Perth advises the property is zoned Normalised Redevelopment Area.

THE FINANCIALS
Sale Price $468,000 – no GST applicable if sold on a going concern basis.

2021 Statutory Outgoings:
Water Rates (U 1 & 2) $1,030
Council Rates – (U 1) $1,522
Council Rates – (U 2) $1,777
Land Tax Not applicable

GST status: All figures + GST where applicable

For further details or to arrange an inspection, please contact Anna Valentine of Perth Commercial Property

* Approx

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