Unit 3 & 4, 16 Minilya Ave,
White Gum Valley, WA 6162

Shops & Retail • Other

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Map of Unit 3 & 4, 16 Minilya Ave

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Leased Investment - Established Local Cafe

7%* Passing Yield
New Leases Commenced 20th June 2016
5 Plus 5 Plus 5 Year Tems

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 Café Lumos being a local favorite since 2010*.

Key features of the property include:

• Lots 6 & 7 leased to Café 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 café setting well frequented by residents from surrounding areas.

For further information please contact the exclusive selling agent David Lightfoot on 0499 888 1....

*Approx

White Gum Valley, 6162 demographic data

The median household income for White Gum Valley is $1,891, 1% higher than Greater Perth's household income of $1,865. White Gum Valley has an older age profile compared to the rest of Greater Perth (median age 41 vs 37). Property ownership data shows 55% of property owners in White Gum Valley have a mortgage.

3,358

Population

$1,891 per week

Median household income

41 years

Median age

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0499 888 1...