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Level 3/849 Wellington Street
West Perth WA 6005
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Sold on 5 May 2021

Level 3/849 Wellington Street West Perth WA 6005

  • Offices
  • 209 m²
  • Sold

7.2% ROI^ Securely Leased CBD Fringe Investment

  • Impressive Layout - Full Floor Plate
  • Solid Lease Covenant
  • New Lease with Programmed Reviews

Axia Corporate Property is pleased to present Level 3, 849 Wellington Street West Perth For Sale by Private Treaty.

The arrival of the property to the market represents a superb opportunity for astute investors to acquire a highly presentable and securely leased CBD fringe asset, where very few opportunities exist in in the sub $1 million price range.

More specifically, the offering comprises 209sqm* (full floor plate) of impressive office accommodation, with three (3) undercover and secure car bays, providing for a total strata area of 247sqm.*

Whilst investment highlights are numerous, they include:

- Brand new three (3) year leaseback as at settlement, to long standing and well credentialed professional firms.
- Programmed rental reviews providing for a solid income stream.
- Four (4) month Bank Guarantee in addition to personal guarantees.
- Substantially fitted premise, configured in a combination of glass partitioned offices, boardroom, meeting room, server room and open plan layout.
- Secure swipe door access with CCTV monitoring.
- Glazed elevation to front (northern aspect) and rear (southern aspect) of premise, providing excellent natural light filtration.
- Elevator.
- Premise benefits from common amenities allowing for maximum floor plate utilisation and cost-effective occupancy.
- Located directly opposite Watertown Complex, Department of Immigration Offices and the RAC Building.
- Excellent proximity and accessibility to major transport networks such as West Perth Train station, Perth Bus terminal, CAT bus route and major thoroughfares such as Mitchell Freeway and Graham Farmer Freeway with Wellington Street providing direct access into and out of the Perth CBD.
- Excellent locational attributes.

Leaseback rental details:

- New three (3) year lease plus three (3) year Option and a further three (3) year Option.
- Rental $54,000 p.a., plus GST and outgoings.
- Reviews 3% annually with market at Option (with no decrease provision).
- Tenant pays all outgoings including management.

Investors seeking a highly presentable, CBD fringe asset with a solid lease covenant and secure income stream, need look no further than Level 3, 849 Wellington Street West Perth.

For further information please contact
Franco Gangemi
0418 930 504

*Approx.
^Based on Asking Rental.

Axia Corporate Property
Axia Corporate Property
307 Murray Street
Perth, WA 6000

Property Highlights

Date Sold5 May 2021
Floor Area209 m²
Land AreaAsk Agent
Parking3 x Onsite parkings
Property ID2016539282
Category
Last updated  11 May 2021
Map for Level 3/849 Wellington Street West Perth WA 6005

Nearest transport* to Level 3/849 Wellington Street West Perth WA 6005

Bus
Train
Wellington St Watertown Cat Id 6136 m
Wellington St Watertown Cat Id 6446 m
Murray St Gordon Street Cat Id 96122 m
Sutherland St Sutherland Street Cat Id 40162 m
Data source: Transperth. This data is available free of charge fromwww.transperth.wa.gov.au.
*Within a 4km radius
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Axia Corporate Property
Axia Corporate Property
307 Murray Street
Perth, WA 6000

Property Highlights

Date Sold5 May 2021
Floor Area209 m²
Land AreaAsk Agent
Parking3 x Onsite parkings
Property ID2016539282
Category
Last updated  11 May 2021

Listed by

Franco Gangemi
Franco Gangemi
Axia Corporate Property
Call
0418 930 504

More about Level 3/849 Wellington Street West Perth WA 6005

Level 3/849 Wellington Street West Perth WA 6005 is categorized as Office. It has a floor area of 209 m². There are 3 x onsite parkings.The listing ID for this property is 2016539282.

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