POINT OF INTEREST:
A whole top floor office investment or part occupation opportunity totalling 1,075m2* in floor area, featuring a high profile Wellington Road frontage and professional environment within the Uni Park Commercial Business Estate.
Leased to an established tenant, Future Energy Skills Ltd on a six year lease, returning $202,311.55 on a six year lease occupying approximately half the floor, 532m2*. The balance of 542m2* is offered with vacant possession. The space is further enhanced by natural light to four sides, sweeping views and access to natural air ventilation via balconies
With the ability to either owner occupy or lease the remaining space for approximately $170,000.00 net per annum this investment offers a fully leased potential of $372,000.00 per annum offering a high yield.
Tenant Profile: Future Energy Skills is a non-for-profit organisation which is led by the Electrical Trades Union and the National Electrical Communications Association to work in partnership with the electrotechnology, renewable, new energy and the electricity generation and supply sectors and administrating licensing assessments to electrical apprentices.
Investment / Property Details:
- Tenant: Future Energy Skills (occupying 532m2*)
- Six (6) year lease
- Current rent: $202,311.55 net per annum
- Fully leased: $372,000.00 net per annum
- Whole top office floor: 1,074m2*
- 542m2* vacant space providing for an additional $170,000.00 net per annum
- Circa 8% on a fully leased basis
- Dual lift access and foyer entrance
- 55 on grade and basement car spaces
POINT OF VIEW:
Prominently positioned on Wellington Road comprising an impressive whole top floor, this strategic investment offers an array of options.
*Approx.
Pricing excludes GST