26/98 Mill Point Road South Perth, WA

LJ Hooker Commercial Perth are delighted to present to the market for Sale, Unit 11, Southbank Commercial located at 98 Mill Point Road, South Perth.

Unit 11 has recently been leased to Wallace PM Pty Ltd on a new 3 + 1 year lease which commenced 13th January 2020. The sale includes the near brand new bespoke fit out and furniture. This is a fantastic opportunity for an investor with depreciation benefits.

Located in the heart of the South Perth commercial precinct, the 63sqm* office suite comprises 2 undercover secure car bays and is priced competitively at $515,000 (Going Concern).

Centrally located on the corner of Mill Point Road and Harper Terrace, the property enjoys easy access to the new Mends Street Arcade which includes The Good Grocer IGA. It is footsteps to the Mends Street café strip, reinvigorated South Perth Foreshore and the freeway on-ramp.

Situated on the second floor of the modern Southbank building, Unit 11 offers a functional and contemporary design, provides great lift exposure and excellent natural light.

With a significant amount of infrastructure and amenities currently being developed around Southbank, now is the perfect time to purchase a leased investment.

Current Lease Particulars:

Lessee: Wallace PM Pty Ltd
Initial Lease Term: 3 years
Lease Commencement: 13th January 2020
Lease Expiry: 12th January 2023
Option: 1 year
Net Income: $30,375 pa + GST
Rent Reviews: Fixed 3% annual increases
Net Rent Free Period: 2 months from Lease Commencement
Outgoings: Payable by the Lessee including Management Fee

Unit 11 Fitout Comprises:

- Boardroom
- Waiting / quiet / additional meeting room
- 5 open plan workstations
- Private kitchenette
- Breakout area

Key Features:

- Brand new lease
- High quality near brand new fitout included in the sale
- Includes furniture, workstations etc. (inventory list can be provided on request)
- Exclusive kitchen
- Walking distance to the popular Mends Street strip and South Perth Foreshore
- Depreciation benefits
- 2 undercover secure car bays
- End of trip facilities
- Excellent client parking
- Direct access to major arterial roads & buses servicing the Perth CBD and metropolitan surrounds
- Excellent schools, medical, retail amenity, parks and lifestyle within walking distance

Statutory Outgoings 19/20:
Council Rates - $2,330* pa
Water Rates - $1,200* pa
Strata Levies - $4,150* pa
Land Tax - $800* pa
Total: $8,480* pa

For further information or to arrange an inspection, please contact the Exclusive Selling Agents Jack Bradshaw and Brian Neo.

*Approx