5/31 Council Avenue

Description

UNDER OFFER!!

Empire Commercial Property are pleased to present 5/31 Council Avenue Rockingham For Sale.

This property is located right in the heart of Rockingham City; within a short walking distance to Rockingham City Shopping Centre, Cinema & Restaurant Precinct, and all other amenities that the Rockingham City Centre has to offer including the nearby Bus Station.

Currently leased to a quality tenant being Multiple Sclerosis of Western Australia (MSWA) since 2014. The current lease term expires in January 2025 with the tenant agreeing to extend for a further 2.5 years which includes a further 2.5 year option.

The property has been fitted out to meet Government Disability Standards, this property offers a solid and secure income stream for an astute investor.

Lease Terms
Current Rent: $76,102.52pa+GST
Current Outs: $17,065.00pa +GST (Payable by the tenant)

New rent at the option 1st of February 2025: $80,000pa +GST + Outs Fixed for the following year until option.

Other Features Include;
Building Area 325sqm
Dual entrance
Suit multiple Use (STCA)
Multiple office spaces
Kitchenette and pantry area
Storage Room
Staff Bathroom
Car Bays

For Further information please contact Harley Van Der Wielen on 0410 680 783/ [email protected] or Tim Stewart on 0419 834 988/ [email protected]