5 Stoneham Street

Ascot WA 6104

RWC WA is pleased to present 5 Stoneham Street, Ascot.5 Stoneham Street, Ascot is a 2,000m2* freestanding two-storey office building positioned on a 2,372m2* parcel of land within the Belmont commercial precinct, adjoining Ascot Waters.5 Stoneham Street is located within Precinct 2 of the Golden Gateway, which is earmarked as the primary interface between the broader development area and Ascot Waters. This places the building on the doorstep of the Swan River and benefits from the associated pedestrian activity.The property presents an excellent landbank and future development opportunity, underpinned by reasonable holding income. Alternatively, with few vacancies and the short term nature of the existing leases, an occupier could purchase the building well below replacement cost and immediately occupy part of the total area. The remaining units could continue to be leased, or the new owner could progressively take occupancy as they become available.The building is currently divided into six tenancies:Ground Floor:Unit 1: 290m2* office leased to Red Health Solutions Pty Ltd (Until 2025). Current rent: $44,805 + outgoings + GST.Unit 2: 256m2* office leased to Red Health Solutions Pty Ltd (Until 2025). Current rent: $39,552 + outgoings + GST.Unit 3: 170m2* office leased to Zone 50 Engineering Pty Ltd (Until 2024). Current rent: $24,000 + outgoings + GST.First Floor:Unit 4: 370m2* office (vacant) - available for lease or owner occupation.Unit 5: 361m2* office (vacant) - available for lease or owner occupation.Unit 6: 170m2* office leased to Tyre Response Group Pty Ltd (Until 2025). Current rent: $30,000 + outgoings + GST.In addition, there is approximately 383m2* of shared common area, which includes kitchenettes, well-lit walkways, and male and female amenities.For the Information Memorandum or to arrange an inspection, please contact the agents:Stephen HarrisonRWC WA0421 622 777stephen.harrison@raywhite.comChris MatthewsRWC WA0413 359 315chris.matthews@raywhite.com*Approximate