111-113 Barrack Street,
Perth, WA 6000
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Map of 111-113 Barrack Street
WHOLE BUILDING INVESTMENT WITH UPSIDE OPPORTUNITY
This is what you look for - a solid invenstment with an upside
A four level character building including basement, ground and two upper levels.
Originally built in 1887
Basement - 172m2 (leased)
Ground Floor - 193.7m2 (leased)
First Floor - 177.4m2 (leased)
Second Floor - 177.6m2 (vacant - needs work)
Sizes are approximate
The building has access to both Barrack Street as well as the rear "Grand Lane" which has recently been refurbished by the council.
Currently there is a national company leasing the basement, ground and first floor
Annual net income is currently $160,855.41p/a + Outgoings + GST with 4% increases annually.
The tenant only uses the ground floor and about 30m2 of the 1st floor and are open to re-negotiating their lease and giving back the basement and 1st floor levels.
A rare opportunity exists for an investor with foresight and the ability to think outside the box. This property has plenty of potential.
A Heritage grant of $26,500 has been granted to be put towards the refurbishment of the building facia.
This building has so much potential and upside, get in quick.
For more information please call Adam Smith on 0434 216 5...
A four level character building including basement, ground and two upper levels.
Originally built in 1887
Basement - 172m2 (leased)
Ground Floor - 193.7m2 (leased)
First Floor - 177.4m2 (leased)
Second Floor - 177.6m2 (vacant - needs work)
Sizes are approximate
The building has access to both Barrack Street as well as the rear "Grand Lane" which has recently been refurbished by the council.
Currently there is a national company leasing the basement, ground and first floor
Annual net income is currently $160,855.41p/a + Outgoings + GST with 4% increases annually.
The tenant only uses the ground floor and about 30m2 of the 1st floor and are open to re-negotiating their lease and giving back the basement and 1st floor levels.
A rare opportunity exists for an investor with foresight and the ability to think outside the box. This property has plenty of potential.
A Heritage grant of $26,500 has been granted to be put towards the refurbishment of the building facia.
This building has so much potential and upside, get in quick.
For more information please call Adam Smith on 0434 216 5...
Property ID: 500360415Last Updated: 13 Dec 2013
04342165...
111-113 Barrack Street
Perth, WA 6000
Altegra Property Group - PerthLevel 7, 12 St George's Terrace
PERTH, WA 6000
PERTH, WA 6000
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