As Exclusive Agents, we are pleased to present For Sale, Suite 207, Lot 49, Reva Commercial, 5-7 Harper Terrace, South Perth. A prime opportunity for a savvy, super fund or first investor.

A brand new 4 + 3 year lease, to a tenant with a strong covenant which commenced 1st October 2020 and a net commencing income of $70,400 per annum + GST.

Footsteps from Mends Street, the office suite overlooking the river is located in Reva Commercial developed by Finbar. The property enjoys great depreciation benefits, excellent natural light, a balcony and "End of Trip" facilities.

Leased to McLardy McShane Partners Pty Ltd who now has 21 branches and 41 corporate ARs across the country. McLardy McShane's latest Joint venture has spread West with the opening of the Perth branch. The branch is able to manage all aspects of Commercial Insurances with a particular emphasis on Professional Indemnity for the Financial Services industry, Commercial Property Owners & a specific, bespoke scheme for the Not for Profit sector.

Key Features:
• Brand new 4 + 3 year lease
• Net Income: $70,400 per annum + GST
• 160sqm* office + balcony
• 3 undercover secure single car bays
• Ample visitor bays within the building
• "End of Trip" facilities including bike racks, lockers and showers
• Modern foyer and entry statement
• Close proximity to freeways, major arterial roads and Perth CBD
• Up-and-coming location
• Depreciation benefits

Lease Particulars:
Lessee: McLardy McShane Partners Pty Ltd
Lease Commencement: 1st October 2020
Lease Term: 4 years
Option: 3 years
Net Income: $70,400 per annum + GST
Rent Reviews: Fixed 3% increases per annum
Outgoings: All payable by the Lessee including Management Fee
Bank Guarantee: $32,361.70 equivalent to 4 months gross rent incl GST
Fit Out: Included in Sale

Strata Area:
160sqm*

Car Bays:
3 undercover single secure car bays

Goods and Services Tax:
The Sellers are registered for GST and the property will be sold as a 'Going Concern'.

Asking Price:
Offers Invited

Location:
Positioned on Harper Terrace, between Mill Point Road and South Perth Esplanade, the premises enjoys direct freeway access for rapid transit north or south and a ferry service leaving Mends Street Jetty (300 metres away) providing easy, traffic free passage to the Perth CBD and Elizabeth Quay.

With a significant amount of infrastructure and amenities under development and recently completed such as the Mends Street Arcade which includes The Good Grocer South Perth IGA, Atomic Cafe and Quest Short Stay Apartments. Now is the perfect time to purchase a brand new leased investment in a popular location.

The complex enjoys an abundant parking available and in the surrounding streets for customers & staff, is well serviced by public transport routes and is located less than 10 minutes from the Perth CBD.

For further information please contact the Exclusive Selling Agents, Jack Bradshaw and Brian Neo.

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