$3.95M

25, 639 Beach Road, Warwick, WA 6024

Blue Chip Investment with "A grade" Tenant.

Current Lease till 31/05/2030 with Options till 31/05/2040

A rare opportunity to invest in a strata property in the Warwick Entertainment Centre precinct with McDonald's as a long term "A grade" tenant, operating since 1999.

PROPERTY DETAILS
• 354 sqm strata lot with easement to use driveway next to lot
• zoned commercial
• 182 sqm gross lettable area

TENANCY DETAILS
Net Rent: $209,704.60 p.a. excluding GST
Pylon Licence Fee: $1,282.33 p.a. excluding GST
Variable Outgoings: Recoverable from Tenant except for Management Fees which Tenant contributes $3,746 p.a. excl GST (Landlord pays approx $12,900 p.a. excl GST for the balance towards Management Fees)
Original Lease Commencement - 1/06/1999
Lease Options: 1/06/2030 to 31/05/2035
1/06/2035 to 31/05/2040
Rent Reviews: annually based on CPI or 5% increase, whichever is the lower

Contact exclusive agent:
Jenny Quek on 0419 968 870 or Kylie Harbo on 0417 095 996 for more information.