37/5 Keane Street

Midland WA 6056

Lease terms are 3 + 3 + 3. Currently leased at $51,866pa + GST + Outgoings.

Key Features:-
Going Concern Sale
233 sqm approximately
Ground floor
Government Tenant
Exclusive use of 4 undercover secure car parking bays
Located within a vibrant commercial and residential precinct
Zoning allows office, medical consulting rooms and retail

Investment Summary:-
Secure 3 year lease with 2 x 3 year options
Commenced 1st April 2023
Passing Income of $51,866 per annum plus GST
Fixed 3% annual increases providing built-in rental growth
Outgoings payable by tenant

Statutory Outgoings 24/25:-
Council Rates: $6,007.00 pa approx.
Strata Levies: $12,903.00 pa approx.
Water Rates: $995.00 pa approx.

For more information please contact Tim Kantor on 0410 275 600 or teamkantor@5starrealty.com.au

Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate, however, may be subject to change without warning at any time and this is often out of our control. Prospective tenants and buyers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner, the Agent, Sales Representative and the Agency and are expressly excluded from any contract.