3/159 Adelaide TerraceEast Perth WA 6004
Property Details for 3/159 Adelaide Tce, East Perth
Last Listing description (July 2024)
Offers invited to show net return of circa 8.5% - 9% !!!
Opportunity to secure a fully leased investment, with long standing tenant, high quality building & tenancy fitout with Quality returns
349sqm office
Secure, Ground floor position
Long standing tenant
Tenant has recently exercised their 2 year option
High quality office presentation
Fully partitioned
Entry / reception
Boardroom
11 offices (or mix of meeting rooms)
Two open plan areas
Staff kitchen & break out
Data & store area
Disabled access compliant
Shower onsite
Wilsons car park located next door (Bennett St), plus ample street parking readily available
Short walk to Langley Park & Swan River, along with other locations such as Law Courts
Surrounded by cafes & amenities
Only 11 lots in building
Current total rental $127,983 p.a. plus outgoings & GST (includes Parking license income)
Long Standing Tenant and expected returns well over 7% net!
For further information please contact the Selling Agent.
Property History for 3/159 Adelaide Tce, East Perth, WA 6004
- 06 Jun 2024Listed for Sale Offers Invited
- 15 Apr 2024Sold for $1,400,000
- 02 Mar 2023Listed for Sale For Sale: $1,595,000
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0About East Perth 6004
The size of East Perth is approximately 3.2 square kilometres. It has 21 parks covering nearly 33.5% of total area. The population of East Perth in 2016 was 10596 people. By 2021 the population was 11681 showing a population growth of 10.2% in the area during that time. The predominant age group in East Perth is 30-39 years. Households in East Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Perth work in a professional occupation.In 2021, 36.40% of the homes in East Perth were owner-occupied compared with 37.60% in 2016.
East Perth has 8,395 properties. Over the last 5 years, Houses in East Perth have seen a 47.95% increase in median value, while Units have seen a 53.67% increase. As at 31 December 2025:
- The median value for Houses in East Perth is $1,538,380 while the median value for Units is $690,217.
- Houses have a median rent of $950 while Units have a median rent of $750.
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