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Level 2/26 Charles Street South Perth, WA 6151

Sold for $1,460,000 on 30 Oct 2023
  • Building: 211m²
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Offices in South Perth

South Perth - Leased Investment - UNDER CONTRACT

  • Building: 211m²

NOW UNDER CONTRACT!

Ray White Commercial WA present for sale this stunning near new commercial office investment that is securely leased until 30 June 2030.

26 Charles Street, South Perth is a modern a prestige development designed by MJA Studio Architects that was completed 2020. Office suite 2 is an A-Grade office comprising 211sqm on the front corner position of level 2 and comes with an absolutely stunning fit out, together with 5 secure access parking bays.

Substantial built-in elements of the internal fit out are included with the property providing the opportunity for significant depreciation benefits.

This investment is underpinned by a new 7 years lease to a renowned financial 'wealth management' services firm until 2030, plus a further 5 years option until 2035. The combined rental and car parking income amounts to $99,400pa, indexed by 3%pa, plus all outgoings payable by the Lessee.

PROPERTY SUMMARY
• Modern building in a prestige location
• 211sqm* A-Grade offices
• Elevated front corner position
• High grade built-in fit out included
• 5 secure access car parking bays

INVESTMENT SUMMARY
• Prominent wealth management financial services business
• 7 years initial Lease term to 30/06/2030
• 5 years Option of Renewal thereafter
• $99,400pa* net income (combined rent & car bays)
• 3%pa fixed annual increases

Discerning buyers to receive 6.8%pa net passing income, indexed by 3%pa, plus massive depreciation available

Contact

Michael Milne
RWC (WA)
Mobile: 0403 466 603
Email: michael.milne@raywhite.com

*approximately

Building:

211m²

Zone:

Centre / Commercial Office

Tenancy:

Tenanted

Categories:

Offices, Medical/Consulting, Other

Share:

Investment Information

Tenancy Status:

Fully Tenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

Title Scheme:

Strata Title

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

Level 2/26 Charles Street, South Perth, WA 6151