4 / 7 Railway Terrace,
Rockingham, WA 6168
Shops & Retail • Offices
Key property information
Floor area
Car spaces
Tenure type
Sold on
Map of 4 / 7 Railway Terrace
LEASED BEACH FRONT INVESTMENT - MAKE AN OFFER
An extremely rare opportunity to secure an a leased investment property on the beach front within Rockingham commercial precinct with balance of 3 years (approx.) on lease, with option.
Property Features:
Total Strata Area: 110sqm
Building: 96sqm
Mezzanine: 50sqm (approx) - Council Approved
Car bay: 14sqm
- Approx lettable area: 146sqm
- Prime location within Rockingham CBD.
- Only metres from Rockingham beach
- Approx. 3 years remain on Lease plus 5yr option
- High quality fit out for hair salon
- Net Investment returns 7.4% (approx.)
- Built 1998 (approx)
For Sale: $925,000 (Sold going concern for GST purposes)
Lease Details -
Area:
146sqm (approx) plus Car bay
Tenant:
Edminson Management Pty Ltd
Trading as: Head Studio Rockingham Salon
Lease Term:
5 years commencing 1st Oct 2011
Expires:
30th September 2016
Option:
5 years commencing 1st October 2016
Guarantees:
Bank Guarantee: $21,000 & Personal Guarantee
Net Rental: (As at 1st Sept .2013 CPI Increase due 1st Oct)
$69,122.88 p.a. plus GST
Outgoings:
Payable by the Lessee,
property management fees are non recoverable from tenant under retail legislation.
Rent Reviews:
Annually CPI fixed increase (1st Oct)
(Market review at option)
For Sale: $925,000 (Sold going concern for GST purposes)
For further information on this property or to arrange a viewing, contact the selling agents.
Property Features:
Total Strata Area: 110sqm
Building: 96sqm
Mezzanine: 50sqm (approx) - Council Approved
Car bay: 14sqm
- Approx lettable area: 146sqm
- Prime location within Rockingham CBD.
- Only metres from Rockingham beach
- Approx. 3 years remain on Lease plus 5yr option
- High quality fit out for hair salon
- Net Investment returns 7.4% (approx.)
- Built 1998 (approx)
For Sale: $925,000 (Sold going concern for GST purposes)
Lease Details -
Area:
146sqm (approx) plus Car bay
Tenant:
Edminson Management Pty Ltd
Trading as: Head Studio Rockingham Salon
Lease Term:
5 years commencing 1st Oct 2011
Expires:
30th September 2016
Option:
5 years commencing 1st October 2016
Guarantees:
Bank Guarantee: $21,000 & Personal Guarantee
Net Rental: (As at 1st Sept .2013 CPI Increase due 1st Oct)
$69,122.88 p.a. plus GST
Outgoings:
Payable by the Lessee,
property management fees are non recoverable from tenant under retail legislation.
Rent Reviews:
Annually CPI fixed increase (1st Oct)
(Market review at option)
For Sale: $925,000 (Sold going concern for GST purposes)
For further information on this property or to arrange a viewing, contact the selling agents.
Rockingham, 6168 demographic data
The median household income for Rockingham is $1,169, 37% lower than Greater Perth's household income of $1,865. Rockingham has an older age profile compared to the rest of Greater Perth (median age 49 vs 37). Property ownership data shows 43% of property owners in Rockingham have a mortgage.
15,312
Population
$1,169 per week
Median household income
49 years
Median age
Owners
Most residents
Families
Most households
4 / 7 Railway Terrace
Rockingham, WA 6168
Raine & Horne Commercial - Western Australia334 Cambridge Street
WEMBLEY, WA 6014
WEMBLEY, WA 6014
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