Sterling Property as Exclusive Agents are pleased to present For Sale, a secure entry level investment opportunity to secure Lot 135 (Unit 204) at Finbar’s mixed-use building Aurelia at 96 Mill Point Road, South Perth.
Leased to a Pendium Advisory on a 5-year term commencing 24th January 2024 with a further 5-year option, the 108sqm* office suite comprises 2 undercover secure car bays and is available to purchase.
Lot 135 is situated on Level 2 with excellent natural light and a modern fitout design, with the modern fit-out included in the sale and features substantial depreciation benefits.
Pendium Advisory are a specialised rent roll and real estate business consultancy & valuers, and the only full-service brokers for residential, commercial and strata transactions in Oceania, offering specialised services for the real estate industry across valuation, brokerage and advisory services.
The Offices enjoy a private commercial entrance and lobby, common tea prep area, WC’s, showers, lockers and bike racks. In addition secure car parking is available in the basement and on level 2 with direct access to office suites.
Key Features:
• 108sqm
• 2 undercover secure car parking bays
• Prestigious South Perth address
• Modern end of trip facilities
• Very high visibility adjacent to busy Mill Point Road and Labouchere Road intersection
• Exceptional natural light throughout
• Located within a vibrant commercial and retail precinct
• Zoning allows office and also medical consulting rooms for 2 practitioners or less
Investment Summary:
• Secure 5-year lease with 5-year option
• Commencement 24th January 2024
• Passing Income of $52,225 per annum plus GST
• Fixed 3.75% annual increases providing built-in rental growth
• Substantial depreciation benefits from buildings and fit-out
• Outgoings payable by tenant
• Bank guarantee $17,593
Statutory Outgoings 24/25:
Council Rates: $3,820 pa approx.
Strata Levies: $3,940 pa approx.
Water Rates: $1,480 pa approx.
Land Tax: $70 pa approx.
Asking Price:
$775,000 (Going Concern)
For further information or to arrange an inspection, please contact the Exclusive Selling Agents Jack Bradshaw and Jake Wallman.
