Leased Investment - 6% Return

Ray White Commercial WA is pleased to offer For Sale Unit 2 / 29 Wood Street, Fremantle.
This ground level Commercial / retail tenancy is situated to the ground level of the stunning newly completed Nightingale Fremantle mixed use development. Newly leased to Uncommon Haus, the property offers investors and self-managed superfunds a long-term income stream with addition to depreciation benefits.

The Opportunity:
• Ground level Commercial/retail tenancy
• Area: 103 sqm plus 1 car bay
• Leased: Five (5) Years initial term to Uncommon Haus (www.uncommonhaus.com)
• Option of Five (5) Years plus two further terms of three (3) years each.
• Current Rental: $21,000 p.a net plus GST (as at January 2024)
• Functional tenancy design, extensive glazing and large sliding doors provided long term flexibility for alternate uses.
• Surrounded by stunning urban renewal medium density projects and adjacent to Fremantle & Royal East Fremantle Golf Courses.
• Easily accessible with direct linkages to High Street, Stirling Highway and a should stroll to Fremantle town centre.

Asking Price: $350,000 (GST Free)

For further details or to arrange an inspection please contact the Agent:

Luke Pavlos
RWC (WA)
Mobile: 0408 823 823
Email: luke.pavlos@raywhite.com

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