Suite 5, 43 Hutton Street,
Osborne Park, WA 6017

Lettable Area: 185sqm

Location: The western side of Hutton Street on the corner of Hector Street right in the centre of Osborne Park Commercial Retail Precinct. Just 6klms north of the Perth CBD close to the freeway entrances and exits. Customers and investors love Osborne Park.

Lessee: Wisefocus Holdings trading as Foam Home.'

Lease Commencement: 23rd August 2004, with the 1st term being 4 years and 2 x 3 year optional terms. The Lessee is currently in the second year of the 1st optional term.

Rental: The Lessee is currently on a gross rental of $28,150.80 per annum, deductions including variable outgoings & GST are $8,569.73 per annum. This does not include land tax which will differ from owner to owner. Net rental is $19,581.07.

Rent Reviews: Annually equal to the Consumer Price Index for the preceding period for the Lease term and optional periods.

General: This property is simply in an outstanding location in the blue chip Osborne Park Commercial Precinct. The purchaser of this property will be a long term holder prepared to forgo the low rental return for the opportunity to purchase a property in a location like this.

PRICE $480,000.00 ZERO GST - SOLD AS A GOING CONCERN.

FOR INSPECTION - CHRIS FARRIS 0413 945 667