A green title property (Land 1207m2) located next door to the foothills shopping centre in Gosnells.
The building was originally the Commonwealth Bank and is now leased to excellent national tenants Cash Converters on a 10 year lease (new) with 2 x 5 year options.

The building is built over two levels with the retail area on the ground floor covering around 455m2 with another 165m2 approx upstairs for office,toilets, staff and warehouse.
Total floor area is around 620m2 (approx)with front and rear entries as well as front and rear parking and excellent exposure to the busy Albany Highway.

The tenant in the property is Cash Converters and this store is a nationally owned store and is not under any franchise agreement.

The store is reputed to be one of the top performing Cash Converter stores in Western Australia hence the reason for the company owning the store and locking in a very long lease.

Cash Converters has been in Gosnells for decades has been in its current location ( this property ) since 2004 and as we have stated have just signed a new 10 year lease with 2 x 5 year options

The current rent is $130915 per annum less building insurance (which is lessors responsibility) of $4900 leaves approx $126,000 net return.

This net return (at approx 7.5% pa) equates to a much better return than that on offer by the banks on their term deposit rates.

This one is real solid so be quick don't miss out.

Inspections ,must come through this office.

Mike Dunsmore
04137541...