Strategic Investment Asset around 7 % Return

13/91 Champion Drive, KELMSCOTT WA 6111

Great Investment asset on busy road in Kelmscott Industrial area.
Located on Champion Drive (No 91) opposite the Seville Grove Shopping Centre this is a prime location.

This is a front unit of 376m2 built of brick and iron roof construction with 620m2 of land that adjoins the property.

Property is one (1) Strata unit but is broken into two rentable units that currently have tenancies in place as follows;

Unit 13 2 year lease expires 1/5/2022 with 2 year option
Rental $22980pa + GST
Portion outgoings paid by tenant
Unit 14 2 year lease expires 30/6/2022 no option
Rental $14,400 pa (GST exempt)
Portion outgoings paid by tenant

Currently the tenants pay the Shire rates $3360 whilst the owners pays Strata levies $4488pa (approx) and water rates $250 pa.

This shows this investment can net approx $32,000 per annum to the new buyer which is about a 7 % return.
Now that is better than the interest rates currently paid by banks on term deposits.

Given the location of these units they have always found tenants with relative ease so this is an opportunity for a strategic buy in a good location with sound returns in place .

Contact Mike Dunsmore 0413 754 110 for inspections – please respect the business owners and organise a viewing first