1/98 Lake Street, Northbridge WA

Key Information
Address

1/98 Lake Street, Northbridge WA

Price

Offers from $799,000

Type

Offices / commercial

Build Area

128 sqm

Download Brochure

AGENT INFORMATION

Agora Team
Max Vaghella
Associate Director - Industrial Sales & Leasing
0401 044 420

Property Description

[ 3D Virtual Tour available, follow the link ]

Rare opportunity to secure a leased investment this close to the Perth CBD with a strong sitting tenant. Ticks plenty of boxes for the astute investor.

Key attributes:

• 128 sqm of ground floor strata area
• Sold with a Lease in place to Chung Wah Association (Tenant)
• Sold as a Going Concern
• Annual Net rent of $44,412.71 with fixed annual 4% increases
• Tenant has options until 30 June 2030
• Chung Wah is well established community care provider for over 110 years*
• Currently used as the Chung Wah's Head Office (combined with adjoining Unit 2)
• Long standing Tenant. Been in occupation since 2015
• Tenant completed a substantial brand-new fit out in 2021
• Mixed use building developed by Finbar. A reputable Perth property development company

Strata Area: 128 sqm Approx.

OFFERS INVITED FROM $799,000 CLOSING 25TH AUGUST 2022 at 4 pm (WST).
ALL OFFERS WILL BE PRESENTED.

Contact Max Vaghella to request a copy of the Information Memorandum.

For more information or to arrange an inspection, please contact us today.

Property Location