Secure 10 Year Federal Government Lease – Fixed 3.5% Annual Rent Increases

1-4/11 Queen Victoria Street , Fremantle WA

Property Highlights

10-year net lease + options to 2035
Annual 3.5% rent increases
Significant depreciation benefits

Description

+ Secure 10-year net lease to 2027 plus options to 2035.
+ Centrelink: Essential service Federal Government welfare department.
+ Strong and certain rental growth with annual fixed, compounding 3.5% increases.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all outgoings including land tax and management fees.
+ High-profile 926sqm* CBD government facility with ample on-site car parking.
+ Extensive frontage to Queen Victoria Street, a main arterial road servicing over 31,000 vehicles daily.**
+ Constructed in 2017, offering substantial depreciation benefits.
+ Strategically located within close proximity to various national tenants, with Coles, Officeworks, Spotlight, Salvos, 7-Eleven and Cellarbrations all within 500m*.
+ Western Australia’s most visited tourist destination outside of the Perth CBD, the City of Fremantle attracts over 1.2 million national and international tourists each year. ***
+ Home to Western Australia’s largest and busiest general cargo port, the City of Fremantle generates $4.93 billion in annual economic output with an estimated 32,487 jobs in the area.****
+ Geographical significance of the area evident through ongoing development projects – the $270 million Walyalup Koorot Renewal Project is the largest public-private infrastructure project in Fremantle’s history, with the creation of over 16,000sqm of retail space and 30,000sqm of office space.*****
+ Minimum management, essential service investment.
+ Net Income: $546,336 pa* + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino – River Room

* Approximately
** GapMaps
*** Fremantle GOV
**** Economy.id
***** Walyalup Koort

Burgess Rawson Melbourne
Rick Jacobson 0413 830 083
Raoul Holderhead 0413 860 304
Jamie Perlinger 0413 860 315

Burgess Rawson Perth
Chris Carcione 0415 393 082
Andrew McKerracher 0411 611 919

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Land Size
926 SQM
Building Area
926 SQM

Contact Agents

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