Suite 204 Lot 135/96 Mill Point Road South Perth WA 6151

Sterling Property as Exclusive Agents are pleased to present For Sale, a secure entry level investment opportunity to secure Lot 135 (Unit 204) at Finbar's mixed-use building Aurelia at 96 Mill Point Road, South Perth.

Leased to a Pendium Advisory on a 5-year term commencing 24th January 2024 with a further 5-year option, the 108sqm* office suite comprises 2 undercover secure car bays and is available to purchase.

Lot 135 is situated on Level 2 with excellent natural light and a modern fitout design, with the modern fit-out included in the sale and features substantial depreciation benefits.

Pendium Advisory are a specialised rent roll and real estate business consultancy & valuers, and the only full-service brokers for residential, commercial and strata transactions in Oceania, offering specialised services for the real estate industry across valuation, brokerage and advisory services.

The Offices enjoy a private commercial entrance and lobby, common tea prep area, WC's, showers, lockers and bike racks. In addition secure car parking is available in the basement and on level 2 with direct access to office suites.

Key Features:
108sqm
2 undercover secure car parking bays
Prestigious South Perth address
Modern end of trip facilities
Very high visibility adjacent to busy Mill Point Road and Labouchere Road intersection
Exceptional natural light throughout
Located within a vibrant commercial and retail precinct
Zoning allows office and also medical consulting rooms for 2 practitioners or less

Investment Summary:
Secure 5-year lease with 5-year option
Commencement 24th January 2024
Passing Income of $52,225 per annum plus GST
Fixed 3.75% annual increases providing built-in rental growth
Substantial depreciation benefits from buildings and fit-out
Outgoings payable by tenant
Bank guarantee $17,593

Statutory Outgoings 24/25:
Council Rates: $3,820 pa approx.
Strata Levies: $3,940 pa approx.
Water Rates: $1,480 pa approx.
Land Tax: $70 pa approx.

Asking Price:
$775,000 (Going Concern)

For further information or to arrange an inspection, please contact the Exclusive Selling Agents Jack Bradshaw and Jake Wallman.