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