29/231 Adelaide Terrace, Perth WA 6000

LONG-TERM TENANT | APPROX. 9% NET RETURN

An established commercial investment opportunity positioned on Adelaide Terrace in the Perth CBD.

29/231 Adelaide Terrace, Perth comprises approximately 104m² of strata office space, currently occupied by a long-standing tenant who has been in the premises for approximately 18 years.

The tenant has recently renewed for a further three-year term, providing the incoming owner with an established tenancy and immediate rental income from settlement.

With a long leasing history and the majority of property outgoings paid by the tenant, this presents a straightforward opportunity for investors seeking an established commercial asset in the Perth CBD.

PROPERTY HIGHLIGHTS:

Approx. 104m² office
Adelaide Terrace, Perth CBD
Long-standing tenant of approximately 18 years
Recently renewed for a further three-year term
Immediate rental income from settlement
Tenant responsible for the majority of property outgoings
Convenient access to Perth CBD and East Perth

With an established tenant, renewed lease and long rental history, 29/231 Adelaide Terrace presents an opportunity for investors looking for an income-producing CBD commercial property.

Council Rates: $2,307.40 p.a.
Strata Levy: $820.80 + GST | Reserve Fund: $58.20 + GST | Management Fee: $175.00 + GST | Total : $1,054.00 + GST ($1,159.40 incl. GST) per Month

All Offers Presented

For further information, lease details or to arrange an inspection, contact:

Brian McAllister
Brian McAllister Properties
in conjunction with The Agency WA
0418 896 354

Ask Brian about property.

Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.