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Fully Leased – A “Super” Investment

Sold

Axia Corporate Property is pleased to present Shop 1, 400 Fitzgerald Street, North Perth SOLD.

The arrival of the property to the market, represents an outstanding and rarely available opportunity, to acquire tightly held and securely leased retail accommodation, along arguably one of Western Australia’s most prolific and well regarded retail strips.

More specifically, the property is located within a prominent corner retail complex, housing 5 tenancies which is strategically positioned directly opposite North Perth Plaza Shopping Centre. Surrounding occupiers include numerous well established and notable local and national businesses.

Investment Highlights:
– Strata area 91sqm* (includes 1 car bay on title)
– Shop area 77sqm*
– High exposure location
– Well established retail catchment
– Secure long term lease with programmed rental reviews
– Very tightly held precinct

Lease Details:
– Leased to well established cafe
– Term – 7 years commencing 1st August 2015
– Option – 5 years commencing 1 August 2022
– Net passing rental $50,935.50 p.a. ($53,482.28 p.a. from 1st August 2019)
– Annual reviews  – fixed 5% with market at option
– Tenant is responsible for all statutory and variable outgoings
– Copy of lease documentation will only be provided as part of a due diligence process

For further information, please contact exclusive selling agent Franco Gangemi on 0418 930 504.

*Approximately

Price:SOLD
Address:Shop 1, 400 Fitzgerald Street
City:North Perth
State:WA
ZIP:6006
Square Feet:77sqm
Pool:1 car bay (included on title)
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