1/21 Wanneroo Road, Joondanna

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Size: 411m²

Sold - Fri, 15th Sep 2017

INCOME PRODUCING INVESTMENT ON MAIN ROAD

Two complementary tenancies with long term Tenants. (Pharmacy and Medical Centre).

There are not many high exposure commercial properties on a north of the river arterial road close to the City. This site on Wanneroo Road is an absolute Gem!

Great presentation and appeal, exposure to street traffic with plenty of free parking further adds to the appeal of the property. Tenancy strength is a safe return on investment.

21 Wanneroo Road is an attractive and well located shopping precinct with plenty of passing traffic and has surrounding community support for its mix of commercial and retail occupiers.

ZONING: Retail Pharmacy / Medical Centre
LISTING TYPE: Direct Sale "Fully Leased Premises"
AREA: (NLA 420.3 sqm), Pharmacy 230 sqm plus Medical Centre 190.3 sqm
CURRENT INCOME: Approx. $178,023 per annum with market and 5% fixed increases pa
EXISTING LEASE: Retail plus Commercial Leases-5 years, (plus two 5 year Options)
SALE PRICE: $2,848,300, - (GST free as being sold as a going concern).
INVESTMENT 6.5% net return
OUTGOINGS: Approx. $77 sqm per annum + GST, (Paid by Tenant).

Every care has been taken to ensure the enclosed information is true and accurate, however, we accept no responsibility and disclaim all liability in respect to errors, inaccuracies or misstatements. Purchasers should make their own enquiries to verify information contained herein.

Property overview

Property ID: 1P1429
Property Type: Medical/Consulting
Building Size: 411m²