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Leased Investment- Government Tenant- $400,000 PA net For Sale by Offers to Purchase 40 and 42 William Street, ARMADALE

Mike Dunsmore and O'Neil Real Estate are pleased to present to the market 40-42 William Street Armadale. 

This is a rare opportunity to acquire a substantial investment asset located in the Armadale City Centre (Strategic Regional Centre). 

The property(s) are leased to THE COMMONWEALTH OF AUSTRALIA (and have been for past 17 years) as follows 

Lease Term:         5 years expiring 19/2/2023
Option:             5 years to 19/2/2028
Rent Reviews:       3.5% fixed increases annually even on commencement of option 
Current rent:       $400,000 per annum + GST
Outgoings :         Payable by tenant

The property(s) are in close proximity to both major shopping centres and both rail and bus transport stations. Both properties are leased concurrently to the Commonwealth of Australia represented by the Department of Human Services. 

These modern style buildings were purpose built for the department of Human Services in 2001 (42 William Street) and a further new building in 2006 (40 William Street).

There is nearly 1200m2 of concrete building with iron roof that is predominately fitted out as an open plan office with toilet and kitchen facilities in both buildings. The buildings have a quality fitout set to federal government standards.

This is available by offers to purchase closing on 30/11/2018* so get in quick! 
For more information call Mike Dunsmore on 0413 754 110 

*Unless sold prior*

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Lot Size
2021m2
Price
For Sale by Offers to Purchase
Leased Investment- Government Tenant- $400,000 PA net
ARMADALE, WA 6112
Suburb: ARMADALE
Sale Type: For Sale
Ref #: 19922790
Category: Commercial
Mike Dunsmore

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