23 Ridley Road, Woorree WA 6530

Long Lease With 7-8% Net Return

23 Ridley Road is a unique opportunity to purchase a residential property with a very secure long term lease. The lease is with the Midwest Cat Shelter and is in place until 13th March 2026 with another 5-year option. Not only is this an attractive investment from a return point of view, but it is also great value for what is on offer if you ever decide to make it a home for yourself one day. The lease includes a substantial residence and the infrastructure that houses the Midwest Cat Shelter and Catopia (http://catopia.com.au/).

The buildings used for the cattery are exceptional and cover approximately 300 m2 over the two structures and include reception, workshop, ablutions, solar panels and everything to make this the only place in town to bring your cat!

The home is a spacious double brick with 3 decent sized bedrooms, 1 bathroom, office, separate lounge, open living area, good sized patio and carport. Outside is a great looking yard with beautiful big trees and a delightful below-ground pool.

Can you find another investment with such a great return and that offers real value for money for the property itself regardless of the lease?