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8/98 Mill Point Road South Perth WA 6151

  • Offices
  • 131 m²
  • For Sale, $977,200 (Going Concern)

High Quality Corner Office Leased Investment / 6.25% Net Return

  • Great views and light
  • 3% fixed increases
  • Strong covenant

LJ Hooker Commercial Perth are pleased to present to the market for Sale a superb leased investment opportunity located at Suite 8, Southbank, 98 Mill Point Road, South Perth.

Suite 8 is a corner tenancy situated on Level 2 with excellent natural light and a modern fitout design. The sale includes the brand new furniture including workstations and features depreciation benefits.

Leased to Unite Resourcing Pty Ltd on a new 3 year lease commencing 1st August 2020. Western Australian owned and operated, Unite Resourcing specialises in workforce recruitment throughout various industries in the public and private sector.

Located in the heart of the South Perth commercial precinct, the 131sqm* office suite comprises 3 undercover secure car bays and is priced competitively at $977,200 (Going Concern), offering a 6.25% net return on investment.

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

Key Features:
- Brand new 3 year lease
- Net Income: $61,075 per annum plus GST
- Lease Expiry: 31st July 2023
- Fixed 3% annual increases
- Bank Guarantee equivalent to 6 months gross rent
- Includes furniture, workstations etc.
- Walking distance to the popular Mends Street strip and South Perth Foreshore
- Depreciation benefits
- 3 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

Location:
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.

Statutory Outgoings 20/21:
Council Rates: $5,000 * pa
Water Rates: $1,500 * pa
Strata Levies: $6,500* pa
Management Fees: $3,500* pa
Air Conditioning Contract: $500* pa
Repairs & Maintenance: $500* pa
Repairs & Maintenance (A/C): $500* pa
Total: $18,000* pa

For further information or to arrange an inspection, please contact the Exclusive Selling Agents Jack Bradshaw and Jake Wallman of LJ Hooker Commercial.

*Approx

Property Highlights

Property ID2016383217
Floor Area131 m²
Land AreaAsk Agent
Parking3 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  18 Mar 2021
Map for 8/98 Mill Point Road South Perth WA 6151
Map for 8/98 Mill Point Road South Perth WA 61518/98 Mill Point Road South Perth WA 6151
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Property Highlights

Property ID2016383217
Floor Area131 m²
Land AreaAsk Agent
Parking3 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  18 Mar 2021
LJ Hooker Commercial Perth
Suite 6, 388 Hay Street Subiaco WA 6008

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