•Annual Rent: $ $47,087.45 (plus GST & Outgoings)
•Lease Term: 5 years, commencing on 15th September 2023
•Rent Review: Annual rent review of 3.5% or CPI (whichever is higher)
•Return on Investment (ROI): 9.7% ROI on the current term, offering a strong return relative to the property's market value
•Tenant: Freo Group PTY LTD, a high-quality tenant providing security and stability to the lease
•Property Address: 98 Otterburn Street, Leonora
•Total Area: 2,324 m²
oSheds, offices, and ablutions: 425 m²
oHardstand area: 1,899 m²

Key Investment Highlights:
•Leonora's Economic Growth: Leonora is currently experiencing significant economic development, largely driven by the mining and resources industry. The region is home to several major mining operations, with growing demand for resources such as gold, nickel, and other minerals. This has led to increased local economic activity, job creation, and infrastructure development. Additionally, mining exploration and expansion in the surrounding areas are contributing to an influx of workers, contractors, and businesses, driving demand for both commercial and residential properties.
•Annual Rent Review: The annual rent review ensures the lease remains competitive, with increases tied to CPI or a fixed 3.5%, whichever is greater.
•9.7% ROI: The 9.8% ROI based on the current lease term highlights a strong cash flow potential for investors, particularly in a rapidly growing area like Leonora.
•High-Quality Tenant: Freo Group PTY LTD, a stable and reliable tenant, adds security to the lease agreement, mitigating tenant risk.
•Property Features: The property includes a large hardstand area and substantial sheds, offices, and ablution facilities, which are well-suited for industrial or commercial use, in line with the area's expanding economy.

Given the economic development driven by the mining sector in Leonora, this property offers significant capital appreciation potential, a stable income stream, and long-term investment security.