Investment Property. Fully Leased. Returning 7.5% Net Return.
Property ID 1843185HIGH PROFILE, CORNER LOCATION.
Is this the best corner location in Kalamunda CBD?
This established building known locally as the Kalamunda Lunch Bar / Bakery site, this spot is as good as it gets in the area.
Available now in what is best described as a tightly held enclave, the site suits investors and / or owner occupiers who realise the potential it has to offer.
The property being offered is lot 2 on Strata plan 34969 that is the property occupied and Tenancies known as:
Kalamunda Lunch bar / Bakery - Approximately 60 sqm
Barnes Physiotherapy Clinic - Approximately 90 sqm
The combined income of the tenancies - $59,894.94 per annum excl GST
Kalamunda Lunch Bar / Bakery and are operating on a secure lease until 2023, the business of Kalamunda Bakery has been operating from this site for approximately 60 years (different ownership).
Recent developments have bought the town centre closer with a brand new ALDI store immediately opposite on the opposing corner and abundant parking nearby.
Barnes Physiotherapy is currently under lease but is available for an owner occupier if applicable. There is also the option of sub-letting part of the property to Barnes Physiotherapy if required by owner / operator (obviously for compatible commercial application) Barnes Physiotherapy has been operating from this site and adjacent Lot 1 for the last 20 years.
Asking price reflects a 7 percent return per annum.
For a site inspection or for an information pack please contact us today.
NB - All information quoted as provided by owner / seller