It is our understanding from a discussion with a town planner at the city of Perth the site is zoned “Residential/commercial”
The Current permitted use is “Office”
ENCUMBRANCES and EASEMENTS
1- L 93388 Lease to AVMC (Aust) Pty Ltd
2- L950141 Caveat by AVMC (Aust) Pty Ltd
3- L950142 Caveat by AVMC (Aust) Pty Ltd
Rights of first refusal to purchase
All normal services are available and connected to the property including storm water, electricity, telephone, sewerage and gas.
The road is bitumen sealed and concrete kerbed.
All the tenants have been in situ since 2007.
DWA -2nd Fl -140 sqm rear portion@ $32,445 net p.a
Term – Committed to another 2 year from 1/12/2017
TAN -2nd Fl -31sqm front portion@ $7,623.36 net p.a
Term -Will consider taking a 3+3 Year from settlement
AVMC -Basement -230sqm whole floor
@ $56,465.40 net.p.a
Term - Want to exercise their 5 year option
Vacant 1st Fl -230sqm whole floor @ $180sqm net p.a
Current Rental $96,533.76 net p.a
Fully leased $137,994.00 net p.a
All rents are plus gst
First Level : 230sqm fully fitted out
Rental: $180sqm plus gst
Car Parking: 2 car bays included in the rental
more available if required
Building Insurance $2,538.00
Council Rates $8,122.70
Land Tax $983.55
Total $21,054.25 p.a
40 Wickham street presents an opportunity for your company to be a major player in a Commercial property in East Perth whilst investing in your future with sitting tenants contributing towards mortgage repayments.
This is a tremendous redevelopment site in the years ahead.
$2,800,000 Going Concern
The subject property is a three level office building erected
in the 1980’s with construction comprising of brick wall elevations and an iron roof. Each level is accessed via a staircase. A lift has not been installed.
The front façade is extensively glazed given the building a modern feel.
First Level -230sqm avail for Lease
Second level -230sqm
All levels are used for office use with some storage on the basement level at the rear.
There is no car bays on site how ever car bays are available at Baileys Perth Motel across on the corner of Bennet and Wickham street at $11 per day.
This arrangement has been in place for past 10 years.