Realmark Commercial proudly present to the market for sale this leased investment at 129/1178 Hay Street, West Perth on the ground floor of a mixed-use development. The current tenant at the property is the West Perth Mini Mart, who have been occupying the premises since November 2013.
This high profile property enjoys huge exposure to foot traffic and passing vehicles in the bustling retail and business precinct of Hay Street, and presents as a rare opportunity for any investor.
Details of the property and the lease are as follows:
•Legal Description: Lot 129 on Strata Plan 56752 Certificate of Title Volume 2783 Folio 829
•Net Lettable Area: 144 sqm
•Current Net Rental: $72,188.76 + GST + Outgoings
•Current Term expiring on 31 October 2023
•5 year option to renew
•Rent Reviews: 3% Fixed Annual Increases
•2 undercover car bays
For more information, please contact Andrew Riley or Mike Rowe.