27 Shields Crescent Booragoon WA 6154

Castelli Commercial and listing agents Josh Sumner and Enrique Reyes are pleased to present 27 Shields Crescent Booragoon to the market for Sale.

This offering presents a great opportunity to secure a property in a strongly held precinct. With a lease in place, purchasers enjoy the flexibility of having holding income while applying for a Development Approval to build their dream Commercial Property. For investors who intend to hold the property for a while longer, the rent increases annually and will be reviewed to market rent at the renewal of the Lease.

Key Features Include:
- 919m2* Green Title Lot
- 569m2* Building Footprint
- Well Presented Front Office
- Multiple Roller Doors
- Ability to split tenancies (two warehouse areas)
- 3 Phase Power
- Zoned Service Commercial

Lease Details:
- 5 year Lease expiring March 2026
- Further 5 Year Option
- 3% Annual Increases/Market Review at The Option
- Current Net Rent $53,049.24 per annum
- 3% Increase scheduled on the 20th March 2024

For more information and to schedule an inspection, please contact:
Josh Sumner - 0473 473 264
Enrique Reyes - 0448 888 123