20/21-23 Queens Road, MOUNT PLEASANT, WA 6153
For Sale $820,000
Rock Solid Investment / 6% Net Return
Fantastic investment opportunity offering not only a great net return but also an established long term lease in place till July 2023 with another 8 year option period taking the current lease to potentially July 2031!
This retail shop itself is located in a near new mixed use apartment complex situated in the leafy riverside suburb of Mount Pleasant. With a number of retail shops in this complex and plenty of local residents there is always plenty of activity to ensure the local businesses are well supported and successful.
The shop for sale is the prime corner shop with a great alfresco area and has the best retail exposure of all retail shops in this complex. The lessee is a popular local cafe that is going from strength to strength and building a loyal local following.
The complex is well designed, very well maintained and two undercover car bays are included in the sale of this retail shop.
With all outgoings paid by the lessee (except management fees) this offers an investor a real set and forget investment and a perfect edition to your commercial portfolio or an excellent SMSF investment.
For further lease information and inspections please contact Dave Rowe on 0402 733 140.