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For Sale

Level 3, 849 Wellington Street, West Perth

Area: 209 m2
7.2% ROI securely leased CBD fringe investment
Axia Corporate Property is pleased to present Level 3, 849 Wellington Street West Perth For Sale by Private Treaty.

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

^Based on Asking Rental.

Read More
Impressive layout - full floor plate Solid lease covenant New lease with programmed reviews

Property Details+

Building Area
209 m2
Third Level
Car Spaces
3 Secure undercover
Tenure & Zoning
  • Leased Investment
  • West Perth Train Station
  • Perth Bus Terminal
  • CAT Bus Route
  • Mitchell Freeway
  • Graham Farmer Freeway
Contact Franco Gangemi
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    0418 930 504
    Thinking of buying, selling or leasing? Make your next move with us.
    +61 8 9321 2770
    Franco Gangemi
    Sales & Leasing Executive

    Franco’s extensive contact network and strong client focus has been developed over his many years in the banking and hospitality industries.

    Following five years at ANZ, Franco co-owned and ran a Perth restaurant icon, during which time he forged relationships with many members of the Perth business and property sectors, forming the basis of Franco’s unrivalled passion for property.

    His loyal client base will attest to his unique blend of comprehensive knowledge of the Perth market together and strong work ethic.

    Franco prides himself on repeat business and his tailored outcomes ensure he constantly delivers beyond his clients’ expectations.