Elders Bunbury is excited to market this property for sale on behalf of its long-term owners. The new Tenant has just completed a large upgrade to the internal part of this property, which is a mixture of new and modern buildings with a nice professional flow and a high professional standard. At the front, there is a stylish reception area that is quite open and two interview rooms which then flow into the main bottom-level office areas a total of 400+ sqm of office space. Car parking for staff is always an issue in the city centre but not at this address. With 13 car bays and rear access, this property will always be attractive to tenants who will never have to pay for parking again. When you walk upstairs you enter a large modern open office area with a boardroom and separate office looking over Stirling Street. The rear part of the upstairs area has more offices and a kitchen and was part of the original building. The upstairs part of the building is approximately 200 sqm in size, giving lots of opportunities to have separate operations running within the building. The front of the building is very modern and allows for plenty of good signage to catch the eye of passing motorists.
This property is leased to a national tenant on a 3-year lease with options and shows an ROI of approximately 5.48%, which increases each year.
This property is a one-of-a-kind, exceptional value, and is fully managed currently by Elders Bunbury (Commercial)
Property Highlights:
Leased Investment
National Tenant
26 Offices
600+ sqm of lettable area
New modern conference room
Large reception area
Freshly painted throughout
Air-conditioned throughout
Front and rear access
13 Car bays
CBD location
Zoned Regional Centre
Buyers Note: All measurements/dollar amounts are approximate only and generally marked with an * (Asterix) for reference. Boundaries marked on images are a guideline and are for visual purposes only. Buyers should complete their own due diligence, including a visual inspection before entering into an offer and should not rely on the photos or text in this advertising in making a purchasing decision.
