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Level 3, 8 Outram Street, West Perth, WA, 6005

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Properties / Buy / Western Australia / West Perth

Tenanted Investment

1. Property Summary

Selling Method

Contact Agent

Selling Details

Contact Agent

Land Area

410 m² (*approx)

Floor Area

410 m² (*approx)

Property Type

Offices

Terms

3 years (expiring 30/10/24)

Est. Income

$90,975 p/a

Car Spaces

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2. Property Highlights

TENANTED MODERN STRATA OFFICE IN THE HEART OF WEST PERTH

Knight Frank is pleased to present Level 3/8 Outram Street, West Perth for sale with the opportunity to acquire two adjoining strata units spanning the full third floor. Currently fully leased to a well-established legal tenant offering current income security and flexible investment options moving forward, whether you extend the current lease term or decide to owner occupy.

SITE DETAILS

- Internal Strata Area: 300sqm

- Total Strata Area: 410sqm

- 17sqm of exclusive use balcony

- 5 secure undercover car bays

- Fitout: reception/waiting area, boardroom, 6x offices, 4x meeting rooms, 23x workstations, kitchen/breakout area, comms, store, utilities and exclusive private balcony.

LEASE SUMMARY

Lease Term: 3 years (expiring 30/10/24)

Option Period: Two option periods of two (2) years

Office Rent: $90,975 p.a ($258/sqm)

Parking Rent: $18,540 p.a ($309 pbpm)

Total Net Income: $109,515 p.a

Rent Reviews: 3%

Incentive: NIL

FY 22/23 OUTGOINGS

Low outgoings fully recoverable by the tenant to the amount of $43,231 ($111.20/sqm)

The property is on the market via ‘Expressions of Interest’ with no closing date.

To arrange an inspection or further details, please contact the exclusive selling agents:

Cory Dell’Olio

Zach Schreier

*Approximately

Remember to mention you found this property on CommercialReady

Dataroom

Tenanted Investment

1. Property Summary

Property Type

Offices

Est. Income

$90,975 p/a

Terms

3 years (expiring 30/10/24)

Land Area

410 m² (*approx)

Floor Area

410 m² (*approx)

Car Spaces

Selling Method

Contact Agent

DATAROOM AVAILABLE

Gain Access

Selling Details

Contact Agent

2. Property Highlights

TENANTED MODERN STRATA OFFICE IN THE HEART OF WEST PERTH

SITE DETAILS

- Internal Strata Area: 300sqm

- Total Strata Area: 410sqm

- 17sqm of exclusive use balcony

- 5 secure undercover car bays

- Fitout: reception/waiting area, boardroom, 6x offices, 4x meeting rooms, 23x workstations, kitchen/breakout area, comms, store, utilities and exclusive private balcony.

LEASE SUMMARY

Lease Term: 3 years (expiring 30/10/24)

Option Period: Two option periods of two (2) years

Office Rent: $90,975 p.a ($258/sqm)

Parking Rent: $18,540 p.a ($309 pbpm)

Total Net Income: $109,515 p.a

Rent Reviews: 3%

Incentive: NIL

FY 22/23 OUTGOINGS

Low outgoings fully recoverable by the tenant to the amount of $43,231 ($111.20/sqm)

The property is on the market via ‘Expressions of Interest’ with no closing date.

To arrange an inspection or further details, please contact the exclusive selling agents: