The arrival of the property to the market represents a superb opportunity for astute investors to acquire a highly presentable and securely leased CBD fringe asset, where very few opportunities exist in in the sub $1 million price range.
More specifically, the offering comprises 209sqm* (full floor plate) of impressive office accommodation, with three (3) undercover and secure car bays, providing for a total strata area of 247sqm.*
Whilst investment highlights are numerous, they include:
– Brand new three (3) year leaseback as at settlement, to long standing and well credentialed professional firms.
– Programmed rental reviews providing for a solid income stream.
– Four (4) month Bank Guarantee in addition to personal guarantees.
– Substantially fitted premise, configured in a combination of glass partitioned offices, boardroom, meeting room, server room and open plan layout.
– Secure swipe door access with CCTV monitoring.
– Glazed elevation to front (northern aspect) and rear (southern aspect) of premise, providing excellent natural light filtration.
– Elevator.
– Premise benefits from common amenities allowing for maximum floor plate utilisation and cost-effective occupancy.
– Located directly opposite Watertown Complex, Department of Immigration Offices and the RAC Building.
– Excellent proximity and accessibility to major transport networks such as West Perth Train station, Perth Bus terminal, CAT bus route and major thoroughfares such as Mitchell Freeway and Graham Farmer Freeway with Wellington Street providing direct access into and out of the Perth CBD.
– Excellent locational attributes.
Leaseback rental details:
– New three (3) year lease plus three (3) year Option and a further three (3) year Option.
– Rental $54,000 p.a., plus GST and outgoings.
– Reviews 3% annually with market at Option (with no decrease provision).
– Tenant pays all outgoings including management.
Investors seeking a highly presentable, CBD fringe asset with a solid lease covenant and secure income stream, need look no further than Level 3, 849 Wellington Street West Perth.
For further information please contact
Franco Gangemi
0418 930 504
*Approx.
^Based on Asking Rental.
