Investment | Offices

Burgess Rawson is pleased to offer for sale Lot 4, 22 Brown Street, East Perth. A perfect opportunity to purchase a leased commercial investment property ideally located in a prominent East Perth location.

- Leased Expiry February 2020 plus 5 year option
- Net income @ 8.1%* pa return
- High quality fitout comprising reception, partitioned offices, boardroom, open plan, kitchenette and toilet
- Exclusive balcony plus shared rooftop balcony with city views
- Great natural light
- Situated nearby the exciting Claisebrook Cove, East Perth precinct
- Walking distance to the new Perth Stadium, parks, public transport and amenities including trendy cafes and restaurants
- Close proximity to freeways and major arterial roads

Strata Area
148sqm*

Undercover Secure Car Bays
Two

Storage Unit
4sqm*

Lease Particulars
Lessee: Sure People Solutions Pty Ltd
Expiry: 1st February 2020 plus 5 year option
Current Income: $64,776.85* pa
Rent Reviews: Annual 3% increases and Market Review at Option
Security: 3 month gross rent Bank Guarantee
Outgoings: All payable by the Lessee

Legal Description
Lot 4 on Strata Plan 42002 Certificate of Title Volume 2219 Folio 279.

Zoning
The City of Perth advise that the property is zoned “Office” under MRA - Precinct East Perth 9.

Statutory Outgoings 17/18
Strata Levies: $2,720 pa
Reserve Levies: $272 pa
Special Levy: $2,040 pa
Council Rates: $3,366.90 pa
Water Rates: $1,345 pa

Goods and Services Tax
The Sellers are registered for GST and the property will be sold as a 'Going Concern'.

Asking Price
$795,000 (Going Concern)

For further information please contact the Exclusive Selling Agents.

*Approx