Rare Investment Opportunity - Amazing Location 1095sqm

This tightly held, prime piece of real estate has to be in Armadale CBD’s most prominent position.

Maximum exposure is assured ass it is situated on the corner of Third road and Commerce avenue, opposite the new Armadale train station development and comprising of 3 fully leased retail shops + one older building used for storage and all sitting on 1095sqm of green titled land.
Zoned Strategic Regional Centre with 42m of frontage on third road + another 36m on Commerce Ave and 12 parking spots. Generating $91,798 Net pa means a healthy 6.1% net yield per annum

* Shop 1, Barber shop is leased till 2025 with a further 5 year option. $15,500pa + GST + Outgoings and fixed rent increases

* Shop 2, Fish and Chip shop is leased till 2027 with a further 5 year option. $19,065pa + GST + Outgoings and fixed CPI rent increases

* Shop 3, Snap Fitness is leased till 2027 with a further 5 year option. $61,803pa + GST + Outgoings with CPI increases

* Storage building – generates $3498 pa in rent.

For a copy of the Information Memorandum please contact Cam Wilson on 0413737090 or cwilson@armadalerealestate.com.au

Property ID: 1302551