 Asset Class: | Office |
 Price: | $ 33333 |
 Net Yield: | 3.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p>Presenting an exceptional investment opportunity in the heart of Cockburn Central - Unit 37, 12 Junction Boulevard offers a modern ground floor office space with a secure tenant and impressive 7.03% net yield.</p> <p>Built in 2016, this 94sqm strata-titled office is currently leased to Family Tree (WA) Pty Ltd, a reputable childcare sector business using the space for administrative purposes. The tenant commenced their lease in November 2024 with a two-year term until 2026, generating a net rental income of $39,000 per annum plus outgoings and GST.</p> <p>This prime investment features 100% outgoings recovery, including management fees and land tax, ensuring strong returns with minimal landlord expenses. Located just 200m from Cockburn Central train station in a high-growth area experiencing significant development activity, the property benefits from excellent accessibility and strong tenant demand.</p> <p>The office space is thoughtfully designed with ample natural light, contemporary finishes, and includes a dedicated car bay. The fitout has been transferred to the buyer, creating immediate value and reducing potential future capital expenditure. Notable features include modern kitchen facilities, ceiling treatments, painted walls, power points, and air conditioning.</p> <p>Market evidence supports the strong investment fundamentals, with vacancy rates in this central location pushing up rental yields to above 7%. Comparable properties in the area demonstrate similar square metre rates, confirming the competitive pricing at $555,000.</p> <p>With depreciation benefits evident from its 2016 construction, secured income stream until at least 2026 (with potential extension via the 2-year option), and strategic position in one of Perth's fastest-growing urban hubs, this property represents an outstanding opportunity for investors seeking a secure, low-maintenance commercial asset with strong growth potential.</p>
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<p>Cockburn Central has emerged as a <strong>vibrant urban hub</strong> offering exceptional connectivity and lifestyle amenities. Located just <strong>20km south of Perth's CBD</strong>, this rapidly developing precinct combines commercial, retail, and residential elements in a master-planned community.</p> <p>The area benefits from <strong>outstanding transport infrastructure</strong>, with Cockburn Central train station providing direct access to Perth CBD and the broader metropolitan area. The <strong>Cockburn Gateway Shopping Centre</strong> offers comprehensive retail amenities, while the nearby Fremantle Football Club's training facility adds recreational value.</p> <p>With <strong>rapid population growth</strong> increasing from 695 in 2011 to approximately 1,260 by 2024, the suburb continues to develop with over 2,000 residents and 1,800 workers. The precinct features around <strong>1,100 apartments</strong> and expanding commercial spaces, establishing itself as a <strong>dynamic, sought-after community</strong> in Perth's southern corridor.</p>
Additional Location Information File<p><strong>Family Tree (WA) Pty Ltd</strong> is a privately owned early learning center and out-of-school hours care facility with 10 years of business experience in Western Australia.</p> <p>The tenant utilizes this office space for administrative purposes, supporting their childcare operations. Their commitment to the location is demonstrated through:</p> <ul> <li>A <strong>2-year lease until November 2026</strong> with an additional 2-year option</li> <li>First Right of Refusal clause in the lease agreement</li> <li>Annual <strong>fixed 4% rent increases</strong></li> <li>Full security provisions including bond and director guarantees</li> </ul> <p>As an essential service provider in the childcare sector, Family Tree represents a <strong>stable tenant profile</strong> with consistent administrative space requirements, making them an ideal occupant for this commercial investment.</p>
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<p>This property delivers a <strong>strong investment proposition</strong> with a compelling 7.03% net yield. Priced at $555,000, it generates $39,000pa in net rent plus outgoings and GST.</p> <p>The commercial lease includes several financial advantages:</p> <ul> <li><strong>100% outgoings recoverable</strong> from the tenant, including management fees and land tax</li> <li>Annual rent increases <strong>fixed at 4%</strong>, protecting against inflation</li> <li>Lease secured with a <strong>$14,338.70 bond and director guarantees</strong></li> <li>Market review scheduled for November 2026</li> </ul> <p>Annual outgoings total approximately <strong>$18,515</strong>, broken down as:</p> <ul> <li>Management fees: $4,000</li> <li>Admin fees: $475</li> <li>Strata levy: $8,659</li> <li>Council rates: $3,292</li> <li>Water rates: $1,789</li> <li>Water use: $300</li> </ul> <p>With the tenant responsible for all outgoings, this creates a true <strong>passive income stream</strong> for investors.</p>
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<ul> <li>Attractive 7.03% net yield offering strong returns in today's market</li> <li>Reputable tenant in Family Tree (WA) Pty Ltd from the essential childcare sector</li> <li>Secure income stream with lease until November 2026 plus 2-year option</li> <li>100% outgoings recoverable, significantly reducing landlord expenses</li> <li>Prime location just 200m from Cockburn Central train station</li> <li>Modern 2016-built premises with depreciation benefits</li> <li>Generous 94sqm office space with dedicated car bay</li> <li>Fitout transferred to buyer, reducing future capital expenditure</li> <li>Annual fixed 4% increases protecting against inflation</li> <li>High scarcity value with limited office spaces available for lease locally</li> <li>First Right of Refusal clause demonstrating tenant commitment</li> <li>Located in high-growth area with increasing residential density</li> <li>Full building specifications including modern kitchen facilities and air conditioning</li> </ul>
