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4/16 Sutton Street
Mandurah WA 6210
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4/16 Sutton Street Mandurah WA 6210

  • Offices
  • 52 m²
  • For Sale, $215,000 No GST

Affordable Leased Investment Property

    This 52m2 strata unit sited on the edge of the central town district in a group of approx. 16 Shop/Office tenancies is a great little investment opportunity.
    Each unit has its own kitchen tea prep area but the toilets are shared in the complex.

    There is a fresh 3 year lease which commenced 1st September 2024 with a 2 year option has just been drafted for this longstanding tenant of well over 10 years.

    It is a gross lease where the owner gets a higher rent but pays the outgoings, and the tenant just pays the consumables.

    • The gross rent is $22,239pa
    Current Expenses are:
    • Council rates are $1867 pa
    • Water $1046 ($174.28/2months)
    • Strata $4235pa ($1058.70/qtr) this includes the building insurance

    thus the current net return after expenses is approx $15,000 ie approx 7%pa return

    The rent reviews are annual CPI increases except a market review if the option is exercised

    We recommend you do not hesitate with your decision to buy as affordable investments like this are hard to find especially ones with a quality tenant that assures you are paid every week. The owner is not registered for GST, so there is no GST payable.

    Contact Peter Vetten, your commercial property specialist with Local Knowledge and National Strength. DISCLAIMER: Every care has been taken to verify the accuracy of the information contained in this advertisement, but no warranty (either express or implied) is given by Raine & Horne or its agent, as to the accuracy of the contents. Purchasers should conduct their own investigations into all matters relating to the proposed purchase of the property.

    Raine & Horne Mandurah
    Raine & Horne Mandurah
    Shop 3, 12 Sutton Street
    Mandurah, WA 6210

    Property Highlights

    Floor Area52 m²
    Land Area52 m²
    Energy0-star NABERS Energy rating
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019581301
    Category
    Last updated  24 Oct 2024
    Map for 4/16 Sutton Street Mandurah WA 6210
    Raine & Horne Mandurah
    Raine & Horne Mandurah
    Shop 3, 12 Sutton Street
    Mandurah, WA 6210

    Property Highlights

    Floor Area52 m²
    Land Area52 m²
    Energy0-star NABERS Energy rating
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019581301
    Category
    Last updated  24 Oct 2024

    Listed by

    Peter Vetten
    Raine & Horne Mandurah
    Call
    0403 584 466

    More about 4/16 Sutton Street Mandurah WA 6210

    4/16 Sutton Street Mandurah WA 6210 is categorized as Office. It has a floor area of 52 m². The listing ID for this property is 2019581301.

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