3/8 Outram StreetWest Perth WA 6005
Property Details for 3/8 Outram St, West Perth
Last Listing description (June 2023)
Knight Frank is pleased to present Level 3/8 Outram Street, West Perth for sale with the opportunity to acquire two adjoining strata units spanning the full third floor. Currently fully leased to a well-established legal tenant offering current income security and flexible investment options moving forward, whether you extend the current lease term or decide to owner occupy.
SITE DETAILS
- Total Strata Area: 410sqm
- 17sqm of exclusive use balcony
- 5 secure undercover car bays
- Fitout: reception/waiting area, boardroom, 6x offices, 4x meeting rooms, 23x workstations, kitchen/breakout area, comms, store, utilities and exclusive private balcony.
LEASE SUMMARY
Lease Term: 3 years (expiring 30/10/24)
Option Period: Two option periods of two (2) years
Office Rent: $90,975 p.a ($258/sqm)
Parking Rent: $18,540 p.a ($309 pbpm)
Total Net Income: $109,515 p.a
Rent Reviews: 3%
Incentive: NIL
FY 22/23 OUTGOINGS
Low outgoings fully recoverable by the tenant to the amount of $43,231 ($111.20/sqm)
The property is on the market via 'Expressions of Interest' with no closing date.
To arrange an inspection or further details, please contact the exclusive selling agents:
Cory Dell'Olio
0422 177 247
cory.dellolio@au.knightfrank.com
Zach Schreier
0452 071 037
Zach.schreier@au.knightfrank.com
*Approximately
Property History for 3/8 Outram St, West Perth, WA 6005
- 29 Jun 2023Listed for Sale Contact Agent
- 11 Aug 2015Sold for $2,692,250
- 25 Feb 2010Sold for $2,447,500
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About West Perth 6005
The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2016 was 5608 people. By 2021 the population was 6102 showing a population growth of 8.8% in the area during that time. The predominant age group in West Perth is 30-39 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation.In 2021, 33.70% of the homes in West Perth were owner-occupied compared with 33.00% in 2016.
West Perth has 5,854 properties. Over the last 5 years, Houses in West Perth have seen a 68.79% increase in median value, while Units have seen a 63.49% increase. As at 31 December 2025:
- The median value for Houses in West Perth is $1,405,193 while the median value for Units is $682,002.
- Houses have a median rent of $875 while Units have a median rent of $700.
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