196 Walter Road West,
Morley, WA 6062

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Rock Solid Commercial Investment Opportunity

Rock Solid National tenant with 10 year lease plus 20 year options. Enormous land area of over 2000 square metres. High exposure adjacent to one of the states premier shopping centres; Galleria MorleyPerfect Blue Chip investment with extra blue sky potential in the future.

Price - $1,750,000

Tenant - Fasta Pasta

Tenancy - 10 years Commencing 1 March 2003

Land - Lot 16, V 1479 F 814
Size = 2026 square metres

NLA - Area = 340 square metres (subject to confirmation)
Balance of area available for parking

Current Rent - $111,360.17 per annum incl GST

Rent Review - Due 1st March 2010 at latest CPI Rate (approx 2%) due annually

Market Review - 1st March 2013, 2018, 2023, 2028 & 2033

Option - 4 x 5 year periods

Outgoings - Lessee to pay all outgoings (not including management fees)

GST - The property is sold as a Going Concern