205/96 Mill Point Road

South Perth WA 6151

Sterling Property as Exclusive Agents are pleased to present For Sale, a secure entry level investment opportunity to secure Lot 136 (Unit 205) at Finbar's mixed-use building Aurelia at 96 Mill Point Road, South Perth.Leased to a BE Projects on a 5-year term commencing 23rd March 2023 with a further 4-year option, the 136sqm* corner office suite boasts excellent natural light, a modern fit out design & comprises 4 undercover secure car bays and is available by Offers Invited.Established in 2010, BE Projects provides full Project Management and Construction for any building project, from initial concept advice to final construction, specialising in both commercial and residential construction, project management and site supervision. 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:- 136sqm - 4 undercover secure car parking bays (tandem configuration) - 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 4-year option.- Commencement 23 March 2023- Passing Income of $64,294.20 per annum plus GST.- Fixed 3.50% annual increases providing built-in rental growth- Outgoings payable by tenant - Substantial depreciation benefits from buildingStatutory Outgoings 24/25: Council Rates: $4,550 pa approx.Strata Levies: $4,960 pa approx.Water Rates: $1,480 pa approx.Land Tax: $80 pa approx. Asking Price: $952,500 (Going Concern) For further information or to arrange an inspection, please contact the Exclusive Selling Agents Jack Bradshaw and Jake Wallman.