2/215 Railway Avenue,
Kelmscott, WA 6111

Warehouse, Factory & Industrial

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LEASED INVESTMENT - 8% YIELD

2/215 Railway Avenue, Kelmscott is a great opportunity for an astute investor to purchase a well-positioned showroom/warehouse on a busy Kelmscott commercial strip.
Total area 365sqm with approx. two thirds warehouse and the remainder, showroom facing Railway Ave.

The property is only one of two strata units which provides you the benefit of not having to deal with many property owners in a strata complex. It also comes with a generous amount of car parking, common yard which the tenant is using exclusively and a front showroom and office.

Lease Details:
- Initial 5 year lease expiring 31st March 2023
- Current rental $37,987.50pa + Outgoings
- 3x 5-year options

Features Include:
- 365sqm showroom/warehouse
- Dual street access
- Yard available for use
- Ample parking
- Easy access to Albany Highway, Armadale Road & Tonkin Highway

For more information or to arrange an inspection, please contact:

Lachlan Burrows
Ray White Commercial(WA)
M: 0499 552 2...
E: lachlan.burrows@raywhite.com

Josh Sumner
Ray White Commercial(WA)
M: 0488 221 331
E: josh.sumner@raywhite.com

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Kelmscott, 6111 demographic data

The median household income for Kelmscott is $1,355, 27% lower than Greater Perth's household income of $1,865. Kelmscott has an older age profile compared to the rest of Greater Perth (median age 40 vs 37). Property ownership data shows 56% of property owners in Kelmscott have a mortgage.

10,575

Population

$1,355 per week

Median household income

40 years

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