Login Area

Our

Close Login

Login

Offices SALE / LEASE Home / Offices SALE / LEASE

$137,994.00 net p.a

$137,994.00 net p.a

$137,994.00 net p.a

FOR SALE / LEASE
40 Wickham Street East Perth
Good holding income and Offices to operate your business from.

LOCATION

The property is located in East Perth adjacent to the Perth CBD. More specifically the property is positioned on the northern side of Wickham street some 125 metres from the intersection of Bennet street.

TITLE PARTICULARS

An Estate in fee simple being:
Lot 40
Deposited Plan 33990
Volume 1158
Folio 407

The property has the following dimensions:

Frontage Wickham Street: 10.06sqm
Northern boundary :10.06sqm
Western boundary : 26.49sqm
Eastern boundary : 26.49sqm

Land area : 266sqm

  • Price: $137,994.00 net p.a
  • Location: 40 Wickham St E/Perth
  • Area: 690 sq mt

General Features

TOWN PLANNING

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

SERVICES

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.

TENANCY SCHEDULE

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

FOR LEASE

First Level : 230sqm fully fitted out

Rental: $180sqm plus gst

Outgoings: $31sqm

Car Parking: 2 car bays included in the rental
more available if required

OUTGOINGS

Cleaning/Gardening $3,600.00
Building Insurance $2,538.00
Council Rates $8,122.70
Land Tax $983.55
Water $4,890.00
Maintenance $920.00

Total $21,054.25 p.a


COMMENTS

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

IMPROVEMENTS

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.
Basement -230sqm
First Level -230sqm avail for Lease
Second level -230sqm
Total -690sqm

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.


Contact Agent

Image
Brett Halvorson