Porter Commercial have successfully negotiated the sale of 105 Winton Rd, Joondalup which was being offered as an investment opportunity.
The 3,751sqm site featured 1,612sqm of industrial improvements across two separate tenancies, generating a net income of approximately $178,000 p.a. Plus GST. The eventual sale price was $2.55 million showing a yield of 7%. The investment was underpinned by the long term lease to the Army which makes up 70% of the annual income.