Units 3 and 4/16 Minilya Ave WHITE GUM VALLEY, WA 6162

Sold
Sold
Property Details

Units 3 and 4/16 Minilya Ave WHITE GUM VALLEY, WA 6162

Sold
Retail
Description

LEASED THEN SOLD - BY DAVID LIGHTFOOT

Retail Sold - WHITE GUM VALLEY WA

David Lightfoot is pleased to present to the market this outstanding opportunity being Lots 6 & 7, 16 Minilya Ave, White Gum Valley.

This established neighborhood property is well located to service the surrounding residential areas with tenant/operator Cafe Lumos being a local favourite since 2010*.

Key features of the property include:

– Lots 6 & 7 leased to Caf Lumos
– 7%* Passing Yield
– New leases commenced 20th June 2016
– 5 year initial term
– 2 options of 5 years each
– 3% fixed annual reviews
– Market Rent reviews 2022 and 2027

This property offers astute investors long leases and an established tenant in a local cafe setting well frequented by residents from surrounding areas.

For further information please contact the exclusive selling agent David Lightfoot on 0499 888 123.

*Approx

Property Features
  • Retail
  • Floor Area is 282 m²
  • 7 Car Spaces
Commercial Features
Zone

Neighbourhood Centre - Restaurant