The property location – 1 Eyre St, Rivervale, WA
Investment Highlights
- Forecast average combined income and capital return on equity (3.5 years) 15.55%pa.
- The property is a high yielding income investments (Passing yield 8.74%). Notwithstanding, it is substantially under-rented with significant medium term reversionary income upside.
- Purchase price reflects land value however the property includes significant quality improvements totalling a site cover of 54% (excluding the car park).
- Tyco Ltd, the parent company are listed on the New York Stock Exchange, with a market capitalization of over US $22 billion. The tenant has a long standing association with the property having occupied the premise for 14 years.