Realmark Commercial is pleased to offer to the market for sale Unit 18, 100 Railway Road. The exceptionally well fitted 486sqm* (NLA) Office which is located on the second floor within the premium 'Spectrum' building offers the prospective buyer a true set-and-forget investment with exceptional value.
Unit 18 is situated on Level 2 of the building and commands a strong presence to the lobby and lift foyer area. Overlooking Subiaco from its high vantage viewpoint this opportunity will hold its value in years to come.
What to know:
Modern office 'Spectrum' building on high exposure corner
NLA: 486sqm*
Strata area: 725sqm*
Car bays: 13 car bays being 1 bay per 37sqm*
Exceptional high quality office fit out
Excellent natural light
Brand new air-conditioning system ($170,000*)
100% leased to two local tenants Knight and Taylor Smart
Income certainty with strong covenant
Uniquely positioned Subiaco view point
Strategically positioned within close proximity to Subiaco's retail precinct
| Location Description |
Situated on the intersection of Hay Street & Railway Road in Subiaco the property is only a stroll to the popular café/retail strip of Rokeby Road & Subiaco Train Station.
| Sale Process |
Contact Agent. The property is being sold as a Going Concern (GC).
| Lease Terms |
Tenant (1): Taylor Smart - a dedicated Law firm providing a broad range of legal expertise
Area: 345sqm
Expiry: August 2028 + options
Net rent: $104,919
Outgoings: $113sqm - fully recoverable
(8) Car bays @ rent: $16,686
Tenant (2): NKH Resources
Area: 140sqm
Expiry: April 2024 + options (the Tenant is currently negotiating to extend their lease)
Net rent: Currently negotiating their rent portion for the new option
Outgoings: $113sqm - fully recoverable
(5) Car bays
Its prime location makes it impossible to overlook, making it an ideal opportunity for investors in the office, medical and consulting fields.
Who to talk to:
Brent Griffiths 0402 609 126
