7/71 Troy Terrace, Jolimont WA 6014

Sold

REDUCED TO SELL! A Perfect Investment!

Reduced by a whopping $200,000 to sell! What more could a commercial property investor wish for - 193sqm of high grade, light, bright and spacious offices, located on the upper level of this well-appointed 2 storey commercial complex of only eight, complete with 5 parking bays. This is one for the prudent investor looking at long-term possible development options.

The internal reception, partitioned office working areas and boardroom facilities are immaculately decorated and maintained, together with well-equipped and maintained male and female bathroom/showers and well-appointed kitchenette areas.

The existing tenant has been in situ for the past 14 years and has recently renewed the current lease agreement until 15th August 2016 at $5,500 per month + GST. The tenant also pays all outgoings including Strata fees, Power, Rates, Water Rates and Insurances, thereby collectively offering the owner a return of circa 8% net per annum.
The property has 4 secure, under-cover parking bays plus one external parking bay plus a large visitor car park facing Hay Street and several free parking spots along Troy Terrace.

This property represents an ideal investment for your property portfolio or alternatively there is the opportunity for the owner-operator to move into the premises upon expiration of the lease.

Located in such a fantastic location, adjoining Hay Street, Subiaco and being one of only 8 offices in total on a large block, the future possible potential for development is also something to consider!

This Property will be sold as a Going Concern and no GST applies to the sale. ACT FAST TO SECURE THIS AMAZING OPPORTUNITY!

Subiaco Council Rates - $5,383 p/a
Water Corporation Rates $2,155 p/a
Strata Levies $4230p/a (last financial year)

Property Details

• Type: Offices