C8/83 Walcott Street, Mount Lawley
- Leased Retail Investment Above 7%
- Located in the Heart of Mount Lawley
- Modern Development
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.