Offered for sale is an extremely rare opportunity to secure an affordable leased investment property within the Northbridge entertainment precinct with balance of 4 years (approx) on lease.

Property Features:

Total Strata Area: 308sqm
Restaurant: 293sqm
Car bay: 15sqm

- Prime location within Northbridge entertainment precinct.
- Frontage to both James & Shenton Street's
- Approx. 4 years remain on Lease plus 5yr option
- Fully fitted out restaurant site
- Investment returns 6.4% (approx.)
- Close proximity to train, WA Police HQ, Metro city,
- The Bakery, Perth Theatre, Cultural Centre, Russell Sq. & future City link projects

LEASE DETAILS -

Tenant:
Mirak Perth Pty Ltd
Trading as: Sura Korean Restaurant

Lease Term:
5 years commencing 1st June 2012

Expires:
31st May 2017

Option:
5 years commencing 1st June 2017

Guarantees:
Bank Guarantee: $56,760 & Personal Guarantee

Gross Rental: (As of 1st June 2013)
$108,360 p.a. plus GST

Outgoings:
Payable by the Lessor, Budgeted at $18,300 p.a.

Approx. Net Rental
$90,060 p.a. plus GST

Rent Reviews:
Annual 5% fixed increase
(Market review at option)

SOLD MORE PROPERTIES WANTED FOR WAITING INVESTMENT BUYERS

Matthew Edwards
0402 515 2...
matthewe@rhc.com.au

Anthony Vulinovich
0411 516 3...
anthonyv@rhc.com.au