1/2 McCourt Street,
West Leederville, WA 6007

- 166sqm* + three car bays.
- Fully leased until 2020 plus option.
- Current net income $105,600 pa.
- Fixed annual increases.
- Brand new medical centre adjoining St John of God Hospital Subiaco.
- Leased to SJOG Pathology and The Smile Clinique Pty Ltd.

Burgess Rawson is pleased to offer for sale by 'Private Treaty' 1 / 2 McCourt Street, West Leederville. This ground floor property is fully leased to St John of God Pathology and The Smile Clinique Pty Ltd.

Location
Situated on the ground floor of the newly completed McCourt Street Medical Centre and opposite St John of God Hospital. The McCourt Street Medical Centre is located within walking distance to the Subiaco Train Station and also provides excellent access to arterial roads for ease of freeway and CBD access.

Improvements
166sqm* - Ground Floor + three car bays

Legal Description
Lots 1 on Strata Plan 61302 Certificate of Title Volume 2830 Folio 401.

Tenancy Details

Tenant: SJOG
Lease Expiry: August 2019
Rent Reviews: Fixed 4%
Option: Five years
Net Income: $67,600 + GST + Outgoings

Tenant: The Smile Clinique Pty Ltd
Lease Expiry: May 2020
Rent Reviews: Fixed 3%
Option: Five years
Net Income: $38,000 + GST + Outgoings

Total Net Income $105,600 + GST + Outgoings or 6.3% net return

Goods and Services Tax
The sellers are registered for GST and the property will be sold as a Going Concern for GST purposes.

Asking Price
$1,675,000 (Going Concern) (GC)*

For further information please contact the Selling Agent.

*Approx