1/98 Lake Street,
Northbridge, WA 6003
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Key property information
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Map of 1/98 Lake Street
UNDER CONTRACT - GREAT LEASED INVESTMENT
- Tenant pays all outgoings
- Fixed 4% annual rent reviews
- Tenant been in occupation since 2015
[ 3D Virtual Tour available, follow the link ]
Rare opportunity to secure a leased investment this close to the Perth CBD with a strong sitting tenant. Ticks plenty of boxes for the astute investor.
Key attributes:
• 128 sqm of ground floor strata area
• Sold with a Lease in place to Chung Wah Association (Tenant)
• Sold as a Going Concern
• Annual Net rent of $44,412.71 with fixed annual 4% increases
• Tenant has options until 30 June 2030
• Chung Wah is well established community care provider for over 110 years*
• Currently used as the Chung Wah's Head Office (combined with adjoining Unit 2)
• Long standing Tenant. Been in occupation since 2015
• Tenant completed a substantial brand-new fit out in 2021
• Mixed use building developed by Finbar. A reputable Perth property development company
Strata Area: 128 sqm Approx.
OFFERS INVITED FROM $799,000 - NOW CLOSED
Contact Max Vaghella to request a copy of the Information Memorandum.
Rare opportunity to secure a leased investment this close to the Perth CBD with a strong sitting tenant. Ticks plenty of boxes for the astute investor.
Key attributes:
• 128 sqm of ground floor strata area
• Sold with a Lease in place to Chung Wah Association (Tenant)
• Sold as a Going Concern
• Annual Net rent of $44,412.71 with fixed annual 4% increases
• Tenant has options until 30 June 2030
• Chung Wah is well established community care provider for over 110 years*
• Currently used as the Chung Wah's Head Office (combined with adjoining Unit 2)
• Long standing Tenant. Been in occupation since 2015
• Tenant completed a substantial brand-new fit out in 2021
• Mixed use building developed by Finbar. A reputable Perth property development company
Strata Area: 128 sqm Approx.
OFFERS INVITED FROM $799,000 - NOW CLOSED
Contact Max Vaghella to request a copy of the Information Memorandum.
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Property ID: 504125735Last Updated: 27 Oct 2022
AGORA Property Group
Level 1, 187 Stirling HighwayNEDLANDS, WA 6009
04010444...
1/98 Lake Street
Northbridge, WA 6003
AGORA Property GroupLevel 1, 187 Stirling Highway
NEDLANDS, WA 6009
NEDLANDS, WA 6009
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