Leyton sheds QSR, gym investment
Leyton Property has sold a three year old quick service retail and gym investment in Perth’s south
The 7-Eleven, Domino’s and Snap Fitness at 52 Thundelarra Drive, Golden Bay, traded for $8.75 million – a 6.93 per cent yield.
All up the improvements contain 1086 square metres.
The site spreads 4500 sqm also exposed to Warnbro Sound Avenue and Aurea Boulevard, with48 car parks.
Rent rises, depreciation benefits
The incoming owner of 52 Thundelarra Dve will be able to claim depreciation benefits of 54 per cent on the first year’s rent against the income, Cushman & Wakefield marketing agents, Ben Younger and Nick Charlton, who acted for Leyton with Burgess Rawson’s Beau Coulter, Rob Selid, Yosh Mendis and Jamie Perlinger, said.
The lease agreements also contain fixed rent rises of over 2.75pc.
The weighted average lease expiry is just over eight years.
Golden Bay is about 60 kilometres from town.
Also today we are reporting Landmark Homes & Properties sold a two year old service station and pet shop, in Adelaide, for $12.85m – a sub six per cent return.
Subscribe to our newsletter at the bottom of this page
