The tenants have just taken up their 3-year option period starting September 2020 so it is now tenanted until 2023 when a whole new lease can be negotiated. The original lease was for a 3-year period with the 3-year option.
This office has been an owned and operated freehold real estate business for the past 30 odd years up to 2017 when it became a leased office, continuing as a real estate business.
The office space is 72sqm and offers an open plan office area, reception area plus separate meeting room offering air conditioning to main office and to the smaller individual office. There is also a separate large built-in-storage area at the rear of the office space along with kitchen facility and separate toilet. Out the back door and you have your own personal enclosed 27sqm courtyard – ideal for the staff lunches and or meetings in the nicer weather.
Lancelin is a magnificent coastal town just 1 hour north of Joondalup and 1.5 hours to the airport. The office is located on the main street in the main shopping precinct “Lancelin Plaza”. Just a short stroll to Lancelin Bay and adjacent to Wangaree Park this office has it all. Floor to ceiling glass shop frontage which is ideal for natural light in the office and for the window front displays for the public to view. It is next door to the successful Lancelin Surf Shop and on the corner of the walkway to Bendigo Bank.
This investment is showing a 7% Return – better than money in the bank and with Banks currently lending at under 3% the investment shows a great return.
For any other information or to have a look through, please contact Vince Di Filippo