The arrival of the property to the market, affords astute investors and/or owner occupiers, with a superb opportunity to acquire very affordable and versatile commercial accommodation located within the Perth CBD fringe, where very few office opportunities exist, in the sub $500,000 price range.
More specially, the property is situated within a modern and impeccably maintained four level office complex, superbly located within the heart of arguably, one of Western Australia’s most vibrant and high amenity precincts.
Investment highlights are numerous and include:
– Very presentable fitted premise, configured in a combination of partitioned offices and collaborative open plan workspace with furnishing included.
– High-end common amenities to each level of the complex, including end of trip facilities
– Exclusive secure undercover car bay
– Ability to owner occupy expeditiously
– Ideal asset for Superannuation (SMSF)
– Attractive and cost effective alternative to much pricier inner CBD, Subiaco & West Perth offerings
-Located in an established and vibrant CBD fringe location, with an abundance of local amenity and open space
– Extremely tightly held precinct
– Attractive street presence
– Located directly across from City of Perth Public car park, which is complimented by an abundance of street parking
– Excellent proximity to transport infrastructure
Location & Accessibility:
The property is strategically located, within a commercial complex, located at the western end of Francis Street, approximately 50meters* from the intersection with Lake, within the heart of the Northbridge commercial precinct and approximately a ten-minute walking distance to Perth CBD. More specifically, the property is positioned on the southern side of Francis St, directly opposite a public car park, with adjoining properties and properties in proximity accommodating a variety of commercial occupiers including: commerce, retail, food and beverage and high-density residential accommodation. Furthermore, the property is in immediate proximity to the $695 million* Edith Cowan University Campus (currently under construction) and to the Perth Train and Bus Terminals.
The property benefits from superb accessibility and connectivity to numerous major transport networks such as: Perth Train Station, Perth Bus Terminal, CAT bus route and major thoroughfares such as Mitchell Freeway and Graham Farmer Freeway.
Zoning:
The City of Perth advises that the property is zoned “City Centre” Precinct 1 Northbridge which allows for a variety of uses ^^. Proponents must contact the City of Perth to ascertain if their preferred use is permitted within the prevailing zoning.
Statutory & Strata Outgoings for 2024/2025:
Strata Levies – $6,732* (Including GST and payable in quarterly instalments)
Council Rates – $2,492.75*
Water Corporation – $1,631*
Car Bay Levy $1,250pa*
The property is offered with vacant possession, providing owner occupiers with the ability for immediate occupancy.
Investors seeking a low maintenance and highly presentable asset within walking distance of Perth CBD, need look no further than Unit 2, 99 – 101 Francis Street, Northbridge.
For further information please contact Franco Gangemi.
*Approximately
