Office | $725,000 | 7.9% Net Yield | On Market
Flexible Ground-Level Office Investment at 7.9% Net Yield – Secured by Global Tenant
This well-positioned office strata investment presents an exceptional opportunity to acquire a securely leased, ground-floor asset in East Perth’s evolving commercial precinct. Positioned prominently on a corner site with strong exposure, the 164 sqm premises boasts a high-quality fit-out including an open-plan workspace, meeting room, kitchenette, storage area, shared restroom facilities, and two exclusive undercover car bays.
Tenanted by internationally recognised Campari since 2015—with a lease secured until March 2027 and options extending to 2035—the asset offers dependable income underpinned by a robust lease structure. This includes CPI-indexed increases, market review at option, full outgoing recoverability (including management and special levies), and a $25,000 bank guarantee.
Key Highlights
- Asset Class: Office
- Price: $725,000
- Net Yield: 7.9% (inclusive of management)
- NLA: 164 sqm
- Purchase Rate: $4,420/sqm
- Net Rent: $57,680 per annum + GST (includes $7,680 for 2 car bays)
- Outgoings: $141/sqm – fully recoverable
- Strata Fee: $11,048.40 per annum
- Special Levies: $7,830 per annum
- Security: $25,000 Bank Guarantee
- Lease Expiry: March 2027 + 2 x 4-year options
- CPI Increases + Market Review at Option
- Age of Asset: 16 years (built 2009)
- Flood & Bushfire Zone: No
- Title: Strata
- Infrastructure: Tier 1
- Reletting Period: 2–4 months estimated
report, bank fees)
Purchasing Costs
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