Leased Investment - Fully Partitioned Strata Office

SOLD

10 & 18/14-16 Irwin Street

Perth WA 6000

Offices

FOR SALE

343m2

- Leased investment
- 343sqm office over two strata titles
- Two exclusive undercover car bays
- Desired CBD Law Precinct location
- 7.4% net return

Introduction
Burgess Rawson are pleased to offer for sale Lots 10 & 18, 14-16 Irwin Street, Perth. The property is offered as a leased investment to a well established Perth law firm. Situated on the second level and opposite the Central Law Courts, the offices comprise of a reception area, boardroom, private offices and kitchenette. Male and female toilet facilities are located within common property of the strata building.

Location
Located in the heart of the CBD opposite the District Law Courts and within walking distance to the Hay Street Mall, car parks and Perth Train Station.

Land Details
Lot 10 and 18 on Strata Plan 16952 Certificate of Title Volume 2024/969 &2076/194.

Tenancy Details
Lease Commencement 1st June 2014
Lease Expiry 30th May 2018
Option 1 x 4 year option
Net Income $141,556.90pa

Strata Area
Lot 10 - 241sqm
Lot 18 - 102sqm
Total - 343sqm
2 exclusive undercover car bays

Lease Documentation
For further details and copies of the Lease Documentation please contact the exclusive selling agents.

Zoning
The City of Perth advise that the property is zoned 'City Centre'.

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

Asking Price
$1,895,000 Going Concern

For further details

Brian Neo
0411 868 486
bneo@burgessrawson.com.au

Rob Selid
0412 198 294
rselid@burgessrawson.com.au