Cygnet West and Toro are pleased to present the most affordable freestanding core CBD office building that has been offered to the market for some time.

23 Barrack Street is a five-storey boutique office building located in the heart of the Perth CBD. The building is approximately 80% leased, with only one whole floor vacancy.

Key Property Highlights:

• Fully leased net income potential of approximately $421,030 pa;
• Diversity of income from four tenants across various industries;
• Secure basement parking for 6 vehicles;
• Floor plates of circa 250sqm that can be split;
• Core location on a bustling pedestrian thoroughfare directly opposite the State Buildings entertainment precinct; and
• New end-of-trip facilities and great natural light.

The building underwent a significant capital expenditure program in 2013 to upgrade the roof, facade, lift, foyer, toilets, end-of-trip facility, tenancy electrical boards, ceilings, lighting and carpets.

23 Barrack Street is an outstanding opportunity to acquire a leased boutique office asset in a bustling city locale. The building is well-positioned for investors looking for a secure and diversified income stream, with the potential to add value through owner occupation or leasing up the vacant floor.

The property is offered for sale via Offers Invited.

For further information please contact exclusive agents:

Wayne Lawrence
04346508...

John Symington
04177338...