1-4/11 Queen Victoria Street,
Fremantle, WA 6160
Key property information
Tenanted Investment Details
Secure 10 Year Federal Government Lease – Fixed 3.5% Annual Rent Increases
- 10-year net lease + options to 2035
- Annual 3.5% rent increases
- Significant depreciation benefits
+ 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
*** Fremantle GOV
***** Walyalup Koort
Burgess Rawson Melbourne
Rick Jacobson 0413 830 0...
Raoul Holderhead 0413 860 3...
Jamie Perlinger 0413 860 315
Burgess Rawson Perth
Chris Carcione 0415 393 0...
Andrew McKerracher 0411 611 9...
Property ID: 504048111Last Updated: 23 May 2022
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