This property represents an incredibly rare sale of a commercial office in Fremantle's highly sought after West-End, with a recently executed WA Government lease in place. The property (located within the Marina Village Complex, directly opposite the Round House) is within immediate reach of the beach, retail, transport, CAT bus services & the University (Notre Dame) precinct.

Highlights:

• Fully refurbished, architecturally-designed property;
• Ground floor placement, with a wide frontage;
• Partitioned premises, with abundant natural light throughout;
• Secure WA Government tenant in place;
• Fully leased investment offering solid yields; &
• Allocated secure under cover parking, plus paid street parking.

Description:

The premises have been extensively architecturally designed, and fully refurbished. The area consists of a large open plan core, meeting room, office, in-built storage, large kitchen and male/female & disabled amenities; with superb natural light on three (3) sides of the premises. The premises have their own separate sub-meter, independent air conditioning controls & a movement and sensor alarm system.

Price: From $750,000 (no GST)

Area: 129m² (Office) & 28m² (Car Bays) = Total Strata Area: 157m²

Tenure Type: Tenanted (Minister for Works)
• Current Lease (1/11/2021 - 30/11/2025)
• Additional Option Expiry: (30/11/2029)
• Fixed Rent Reviews (3%) & Market (Option)
• 12-Month Forecast Rental & Car Bays (Net): $37,910.25 (excl GST)

Outgoings (Payable by Tenant): Contact Agent

Zoning/Use: City of Fremantle (LPS4 City Centre)

Car Parking: Two (2) onsite, allocated, secure under cover bays

GST: This seller is not registered for GST. GST will only apply on figures where applicable.