7/1 Shenton Street (Cnr James Street),
Northbridge, WA 6003

Offered for sale is an extremely rare opportunity to secure an affordable leased investment property within the Northbridge entertainment precinct with balance of 4 years (approx) on lease.

Property Features:

Total Strata Area: 308sqm
Restaurant: 293sqm
Car bay: 15sqm

- Prime location within Northbridge entertainment precinct.
- Frontage to both James & Shenton Street's
- Approx. 4 years remain on Lease plus 5yr option
- Fully fitted out restaurant site
- Investment returns 6.4% (approx.)
- Close proximity to train, WA Police HQ, Metro city,
- The Bakery, Perth Theatre, Cultural Centre, Russell Sq. & future City link projects

LEASE DETAILS -

Tenant:
Mirak Perth Pty Ltd
Trading as: Sura Korean Restaurant

Lease Term:
5 years commencing 1st June 2012

Expires:
31st May 2017

Option:
5 years commencing 1st June 2017

Guarantees:
Bank Guarantee: $56,760 & Personal Guarantee

Gross Rental: (As of 1st June 2013)
$108,360 p.a. plus GST

Outgoings:
Payable by the Lessor, Budgeted at $18,300 p.a.

Approx. Net Rental
$90,060 p.a. plus GST

Rent Reviews:
Annual 5% fixed increase
(Market review at option)

SOLD MORE PROPERTIES WANTED FOR WAITING INVESTMENT BUYERS

Matthew Edwards
0402 515 2...
matthewe@rhc.com.au

Anthony Vulinovich
0411 516 3...
anthonyv@rhc.com.au