Burgess Rawson are pleased to present to the market For Sale, 5-7 Belmont Avenue, Belmont.

This freestanding office, in an outstanding high profile location, benefits from being superbly located and has recently been refurbished to a very high standard. It sits on a substantial freehold site with excellent exposure to Great Eastern Highway.

Location

The subject property allows easy access to all corridors of the Perth Metropolitan area due to its outstanding location next to a variety of major roads and highways including Tonkin Highway, Abernethy Road, Orrong Road, Leach Highway and Great Eastern Highway. The Perth CBD is only a 15 minute drive.

Improvements

The property comprises a two storey office building of approximately 1,196sqm*. The building has been substantially refurbished and presents excellently to a corporate standard. The site has ample parking at the rear of the building. There is also a substantial Telecommunications Tower that supports multiple carriers.

Tenants

Biosymm Pty Ltd
7 years commenced 6 May 2021, expiring 5 May 2028

Vodafone Network Pty Ltd
21 years, expiring 2045*

Optus Fixed Infrastructure Pty Ltd
20 years commenced 1 January 2023, expiring 31 December 2042*

Projected Net Income $306,157pa as at 1 July 2024


* Conditions apply refer to Information Memorandum

Asking Price:

$4,850,000 (Going Concern)

For further information or to arrange an inspection, please contact the Selling Agents.


*Approx