72/251 Adelaide Terrace, Perth WA 6000

Established CBD Education Tenant Offering High Yield

NAI Harcourts Metro, as exclusive agents, is pleased to present Lot 72, 251 Adelaide Terrace, Perth, an opportunity to acquire an affordable leased commercial investment in the heart of the Perth CBD.

The 83sqm* strata unit forms part of Level 9, which is occupied in its entirety by SMR Learning Services (TrainSmart Australia) across eight adjoining units. Rather than operating from Lot 72 in isolation, the property forms an integral part of the tenant's larger education and training facility spanning the entire floor.

TrainSmart Australia has occupied premises on Level 9 for more than 10 years, demonstrating a long-standing commitment to the location. The tenant continues to occupy the entire floor and, to the vendor's knowledge, has no current plans to relocate.

TrainSmart operates an established education and training facility, delivering a broad range of courses and qualifications across health and community services, remedial massage, information technology, leadership and business, together with a range of diploma and certificate programs.

The extensive existing fit-out reflects the tenant's operations and incorporates reception and waiting areas, classrooms, practical training areas, consultation and treatment spaces, kitchenette and staff amenities. The premises also benefit from extensive windows providing natural light and elevated outlooks across the surrounding CBD.

Lot 72 is currently leased to SMR Learning Services on a three-year term expiring 15 June 2028, generating net rental income of $22,223.48* p.a., with a 3.5% rental increase scheduled for 16 June 2027.

The associated car bay provides an additional and diversified income stream, being separately leased to another party for $3,600* p.a. This brings the property's total net rental income to $25,823.48* p.a.

With a long-established tenant occupying the entire floor, an existing education and training fit-out, scheduled rental growth and additional income from the separately leased car bay, Lot 72 represents an attractive entry-level CBD investment opportunity for private investors and SMSF purchasers.

The outgoings for this lot are approximately $13,611.73 p.a inclusive of management fees and is all paid by the tenant.

Property Highlights

• Total net rental income of $25,823.48* p.a.
• 83sqm strata commercial unit*
• $22,223.48 p.a. net rent from SMR Learning Services
• Additional $3,600 p.a. income from separately leased car bay
• TrainSmart Australia has occupied Level 9 for over 10 years
• Tenant occupies the entire Level 9 across eight adjoining units
• To the vendor's knowledge, the tenant has no current plans to relocate
• Current lease expires 15 June 2028
• 3.5% rental increase scheduled for 16 June 2027
• Established education and vocational training facility
• Courses include health & community services, remedial massage, IT, leadership and business
• Range of diploma and certificate programs
• Established reception, classroom and practical training fit-out
• Extensive windows providing natural light and elevated CBD outlooks
• Prominent Adelaide Terrace location within the Perth CBD

For further information or to arrange an inspection, please contact Dylan Croll on 0401 835 454 or Tony Romano on 0407 388 139.