204/96 Mill Point Road

South Perth WA 6151

Pendium Advisory are a specialised rent roll and real estate business consultancy & valuers, and the only full-service brokers for residential, commercial and strata transactions in Oceania, offering specialised services for the real estate industry across valuation, brokerage and advisory services.

The Offices enjoy a private commercial entrance and lobby, common tea prep area, WC's, showers, lockers and bike racks. In addition secure car parking is available in the basement and on level 2 with direct access to office suites.

Key Features:
108sqm
2 undercover secure car parking bays
Prestigious South Perth address
Modern end of trip facilities
Very high visibility adjacent to busy Mill Point Road and Labouchere Road intersection
Exceptional natural light throughout
Located within a vibrant commercial and retail precinct
Zoning allows office and also medical consulting rooms for 2 practitioners or less

Investment Summary:
Secure 5-year lease with 5-year option
Commencement 24th January 2024
Passing Income of $52,225 per annum plus GST
Fixed 3.75% annual increases providing built-in rental growth
Substantial depreciation benefits from buildings and fit-out
Outgoings payable by tenant
Bank guarantee $17,593

Statutory Outgoings 24/25:
Council Rates: $3,820 pa approx.
Strata Levies: $3,940 pa approx.
Water Rates: $1,480 pa approx.
Land Tax: $70 pa approx.

Asking Price:
$775,000 (Going Concern)

For further information or to arrange an inspection, please contact the Exclusive Selling Agents Jack Bradshaw and Jake Wallman.