4/22 Brown StreetEast Perth WA 6004
Property Details for 4/22 Brown St, East Perth
Last Listing description (January 2019)
Burgess Rawson is pleased to offer for sale Lot 4, 22 Brown Street, East Perth. A perfect opportunity to purchase a leased commercial investment property ideally located in a prominent East Perth location.
- Leased Expiry February 2020 plus 5 year option
- Net income @ 8.1%* pa return
- Exclusive balcony plus shared rooftop balcony with city views
- Great natural light
- Situated nearby the exciting Claisebrook Cove, East Perth precinct
- Walking distance to the new Perth Stadium, parks, public transport and amenities including trendy cafes and restaurants
- Close proximity to freeways and major arterial roads
Strata Area
148sqm*
Undercover Secure Car Bays
Two
Storage Unit
4sqm*
Lease Particulars
Lessee: Sure People Solutions Pty Ltd
Expiry: 1st February 2020 plus 5 year option
Current Income: $64,776.85* pa
Rent Reviews: Annual 3% increases and Market Review at Option
Security: 3 month gross rent Bank Guarantee
Outgoings: All payable by the Lessee
Legal Description
Lot 4 on Strata Plan 42002 Certificate of Title Volume 2219 Folio 279.
Zoning
The City of Perth advise that the property is zoned 'Office' under MRA - Precinct East Perth 9.
Statutory Outgoings 17/18
Strata Levies: $2,720 pa
Reserve Levies: $272 pa
Special Levy: $2,040 pa
Council Rates: $3,366.90 pa
Water Rates: $1,345 pa
Goods and Services Tax
The Sellers are registered for GST and the property will be sold as a 'Going Concern'.
Asking Price
$795,000 (Going Concern)
For further information please contact the Exclusive Selling Agents.
*Approx
Property History for 4/22 Brown St, East Perth, WA 6004
- 02 Mar 2018Sold for $750,000
- 07 Dec 2017Listed for Sale Not Disclosed
- 16 Apr 2013Listed for Rent $53,280 / year
Recent sales nearby
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About 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 8,396 properties. Over the last 5 years, Houses in East Perth have seen a 50.32% increase in median value, while Units have seen a 51.98% increase. As at 31 January 2026:
- The median value for Houses in East Perth is $1,485,850 while the median value for Units is $703,963.
- Houses have a median rent of $1,000 while Units have a median rent of $750.
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