LJ Hooker Commercial Perth as Exclusive Agents are pleased to present For Sale, Suite 208, Lot 50, Reva Commercial, 5-7 Harper Terrace, South Perth. A fantastic opportunity for a savvy, super fund or first investor. A brand new 5 + 3 year lease, to a tenant with a strong covenant, commencing 1st April 2019 and a net commencing income of $35,050 per annum + GST.

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

Leased to global hospitality consultants, CKP Hospitality, who have been established for 30 years. Headquartered in Kuala Lumpur with branch offices throughout Asia, Australia and the Middle East, they are known for work in world-class restaurants, high-end hotels, casinos, theme parks, resorts, industrial canteens, and convention centres.

Positioned on Harper Terrace, between Mill Point Road and South Perth Esplanade, the occupier will enjoy 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.

Key Features:

- Brand new 5 + 3 year lease

- Net commencing income $35,050 per annum + GST

- 74sqm* office

- 2 undercover secure car bays (1 tandem)

- 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

Lease Particulars:

Lessee: CKP Hospitality Consultants Pty Ltd

Lease Commencement: 1st April 2019

Lease Term: 5 years

Option: 3 years

Net Commencing Income: $35,050* per annum + GST

Rent Reviews: Fixed Year 1 & 2, 3% annual increases thereafter and Market Review at Option. Ratchet clause to apply.

Outgoings: All payable by the Lessee including Management Fee

Bank Guarantee: $16,243.34 equivalent to 4 months gross rent incl GST

Fit Out: Payable by Lessee

Strata Area:

74sqm*

Car Bays:

2 undercover secure car bays (1 tandem)

Legal Description

Lot 50 on Strata Plan 73453 Certificate of Title Volume 2961 Folio 27.

Goods and Services Tax

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

Asking Price

$560,000 (Going Concern)

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

*Approx