Ground Floor Government-Leased Office with options until 2037

The Details

Location
Perth, WA
Type
Office
Purchase Price
$645,000
Rent
$34,153.40
Yield
5.3%
Cashflow
$4,806 (70% LVR @ 6.5% interest rate)
Total Return (incl. capital gains)
$43,506 (cashflow + 6% growth)
Lease
Third option executed: 1 Dec 2025–30 Nov 2029 at $260/sqm p.a.; further options to 2033 and 2037. Annual 3.5% fixed increases
Total Area
186 sqm

Why We Love This Property

  • Ground floor with direct street frontage
  • Six parking spaces plus basement storage
  • Government tenant in place since 2012
  • Options in lease until 2037!
  • Quality tenant mix within the complex
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