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Beauty on Beaufort – A “Super” Investment

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The arrival of 826B Beaufort to the market represents a unique and seldom available opportunity to acquire well leased commercial property along, arguably, one of Western Australia’s premier retail strips.

The offering comprises 72sqm of shopfront floor plate with an additional 13sqm being one (1) exclusive use car bay, providing a total strata area of 85sqm. The property has been used as a Beauty Salon for the past 10 years.

More specifically, the property is located on the Eastern side of Beaufort Street. The complex was constructed circa 2007 and houses a number of commercial tenancies on the ground floor with residential accommodation in the upper levels.

Investment Highlights;

– Long term tenant – since 2007
– Secure income stream
– Programmed rental reviews
– Fully self-contained premises
– High quality fitout
– Well recognised and established precinct
– Prominent Beaufort Street position
– Flexible zoning allowing for a variety of future uses

Lease Details:

– Leased to 27 February 2022
– Ten (10) year option from 28 February 2022 with a further two (2) year option plus a further two (2) year option
– Net passing rental $32,800 p.a.
– Annual review at CPI (next due 28 February 2018) during initial term with alternating market and CPI during option period.

Statutory and Strata Outgoings are budgeted for 2017 – 2018:

– Council Rates – $1,643.75
– Water Corporation – $1,230.36
– Strata Levies – $2,275.09
– Bin Collection – $320.00

Tenant is responsible for all variable outgoings including above items.

Further lease and property information will be made available upon request with copies of lease documentation only being provided as part of a due diligence process.

Please contact Franco Gangemi on 0418 930 504 for further information.

Price:Under Offer
Address:826B Beaufort Street
City:Inglewood
State:WA
Post Code:6052
Square Metres:72sqm
Carbays:1 Exclusive Car Bay
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