[SOLD] Ideal Leased Retail Investment In the Heart of Mount Lawley - Return above 7%

C8/83 Walcott Street, Mount Lawley

THIS PROPERTY HAS BEEN SOLD.

This is an absolute gem of an investment opportunity. Located on Walcott Street – very close to the main Mount Lawley intersection off Beaufort Street this property is in the heart of the Mount Lawley retail hub.

Ground floor, street facing unit in a popular modern development close to Fresh Provisions, Dome Cafe and the Astor Theatre.

Sold as a going concern with a proven and reliable hair and beauty tenancy on a yield of approximately 7.16%. Lease expiry 30 June 2020 with further lease options available to the tenant.

The tenancy has 1 off title exclusive use car bay.

Estimated Variable Outgoings 2019/20
Shire rates $3,822
Water rates $1,447
Strata Levies $2,836

Sale Price $680,000 – no GST if sold as a going concern.

Perth Commercial Property welcome your enquiry.