149 Wittenoom Street, East Perth, WA, 6004

Knight Frank are pleased to present 149 Wittenoom Street, East Perth (30 Moore Street), a highly attractive investment asset underpinned by the WA State Government’s Department of Correctional Services. The department has been in continuous occupation since 2011 and renewed its lease through to 2030 (plus options), providing investors with a dependable income stream backed by a AAA credit-rated covenant.

The property provides five levels of modern A-grade office accommodation with dual street frontage, strong natural light, secure undercroft parking and efficient floorplates. The fitout includes open plan areas, office suites, meeting rooms and staff amenities suited to government accommodation standards.

The building is positioned within an established public-sector precinct that includes the Departments of Health, Education and North Metropolitan TAFE. This concentration of agencies has been consistent over many years and contributes to the precinct’s ongoing demand profile. The tenant’s continued presence reinforces the suitability of the area for government operations.

This is an opportunity to secure a quality office investment supported by a secure covenant, stable cash flow in a well-located precinct.

Investor Highlights:

· Fully Leased Net Income: $924,961 p.a.*

· Long WALE of 4.29 yrs

· Modern 5-storey A-grade office building

· 2,422 sqm* NLA on a 999sqm* dual-frontage site

· Department of Correctional Services in occupation since 2011

· 14 secure undercroft car bays

· 4.5 Star NABERS (Energy & Water)

· Zoned “City Centre – Precinct 4 Victoria”

For Sale by 'Offers to Purchase'.

For more information or to arrange an inspection, please contact the exclusive selling agents.

*Approx.

Remember to mention you found this property on CommercialReady