UNIQUE LEASED INVESTMENT
Located 18km from the Perth CBD strategically positioned on the corner of Kelvin & Maddington Road, this property is home to two tenancies which provide good value for any landlord.
The main tenant has been trading on the property for over 20 years and because of the nature of their business, they are likely to be staying there for much longer. The other tenancy has been operating in the property for 2 years but is a stable business with a 6 year history in the area.
Features include:
| Sale Analysis | |
| Sale Price: | $1,300,000 + GST Sold as a Going Concern |
| Sale Date: | March 2022 |
| Site Area: | 2,409sqm* |
| Yield – Passing: | 5.3% |
| Vendor: | Private Investor |
| Purchaser: | Private Investor |
*Approximately
In another strong indicator of Subiaco’s growing investment appeal, the landmark Tighe’s Building at 131-135 Rokeby Road has changed hands for $5 million in an off-market transaction brokered exclusively by Michael Milne.
$200,000 operating cost savings