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Boutique Retail Leased Investment

4/20 Signal Terrace, COCKBURN CENTRAL WA, 6164

Sold

Property Sold in 4/20 Signal Terrace, COCKBURN CENTRAL WA, 6164

Listing ID:
11370803
Status:
Sold
Price:
$595,000 (GST Going Concern)
Last Updated:
17/02/2020
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Property Type

Retail
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Land Area

N/A
Icon size

Floor Area

140 SQM
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Parking

N/A

Boutique Retail Leased Investment

Burgess Rawson are pleased to present to the market for sale this boutique retail leased investment. The property comprises of 140sqm* ground floor restaurant leased to Kawa Sushi Train until October 2024 plus a further 3 options until October 2039.

The net income is $42,320.79 plus GST with CPI Plus Rent Reviews at the end of each option. The property comes with 5 exclusive car bays, allocated storeroom as well as communal restroom facilities. The property offers a modern restaurant fit out catering for a Sushi Train style dining. Walking distance to the Cockburn Train Station.

Features
- Leased to Kawa Sushi Train until October 2024 plus options to 2039
- Net income of $42,320.79pa + GST
- Current Yield 7.11% pa
- 140sqm* with 5 car bays and storeroom
- Boutique Leased Investment
- Well located off the Cockburn Central Train Station
- Ideal for Superfund

Total Area:
140sqm*

Car Bays:
5 exclusive car bays

Statutory Outgoings:
Strata Levies: $1,688.75 per quarter
Water rates: $1,080.00pa
Council Rates: $5,260.00pa

Land Details:
Lot 134 on Strata Plan 63457 Volume 2810 Folio 434

GST:
The property will be sold as a Going Concern

for further details, please contact the exclusive leasing agent Chris Tonich

* Approx

For more details, please email agent

Burgess Rawson Perth

10th Floor, 225 St Georges Terrace, Perth, WA 6000


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