Brand New 10 Year Lease to Commonwealth Department
- Blue chip lease to Commonwealth Department
- Net Income: $460,000 net + GST + Outgoings
- Zoned 'Mixed Use'
Burgess Rawson is pleased to offer for sale 11 Queen Victoria Street, Fremantle. Four combined strata titled lots with a total NLA of 926sqm*. The subject property is brand new and are sold in one parcel with a new 10 year lease to the Department of Human Services.
11 Queen Victoria Street is located 15 kilometres* from the Perth CBD and one kilometre* east from the Fremantle city centre, other businesses surrounding the site include car yards, BP petrol station, Office Works, multiple retail premises and a large amount of residential development currently under construction.
Lot 47 - Ground Floor, 340sqm & 3 parking bays
Lot 48 - Ground Floor, 305sqm & 2 parking bays
Lot 49 - Ground Floor, 114sqm + 29sqm Yard & 1 parking bays
Lot 50 - Ground Floor, 167sqm & 1 parking bay
The properties are zoned 'Mixed Use' by the City of Fremantle.
Goods and Services Tax
The properties are sold as 'Going Concern'.
Income: $460,000 net + GST + Outgoings
Initial Term: 10 Years
Options: 2x 4 Year Options
Rent Reviews: Fixed 3.5% Annual Increases
For further information or for a copy of the formal lease, please contact the Exclusive Selling Agent: Brian Neo.
- Building area |