15/531 Hay Street Subiaco WA 6008

Transact Capital is delighted to present Lot 15 of 531 Hay Street, Subiaco WA FOR SALE via Private Treaty. The opportunity is to acquire a fully leased commercial strata investment comprising two office tenants across 310 sqm of NLA with 10 secure car parking bays.

Fully Leased Net Income: $144,440 PA + GST (INC variable Wilson Parking Income)
Variable Wilson Parking Income: Estimated to be $10,000 pa + GST.
Suit 15A 160.7 sqm Leased to National Medical Group
Suite 15B 151.8 sqm Leased to Chartered Accountants
Strong Fixed Annual Rental Increases greater than 3% pa
WALE by income greater than 4 years
Fully fitted office tenancies (transferable with the property).
Secure Tenant Parking and Wilson public parking for customers
Ample amenities from the Subiaco food and beverage precinct
All outgoings fully recoverable from tenants
Lease secuirty provided from both tenants

Financial Summary:

Net Income: $134,440 pa + GST
Variable Income: $10,000 pa + GST (Approx.)
Fully Leased Net Income: $144,440 pa + GST
Outgoings: $28,306* pa + GST (fully recoverable from tenants includes strata levies)
Gross Income: $172,746 pa + GST

For further information or to request a tour of the asset, please contact Geoff Fraser on 0413 624 000.