West Perth is a beacon for business in WA, where ASX security is paramount, 38-40 Colin Street offers investors just that.Realmark Commercial is pleased to present to market this premium leased investment opportunity at 1&3/38 Colin Street, West Perth.38 Colin Street presents the opportunity to invest into a premium office building with the security of a newly signed ASX listed mining tenant with an impressive covenant.The ground-floor office comprises a total NLA of 255sqm featuring a modern workspace including 7 private offices, an open plan working area, large boardroom, reception, kitchenette, and 4 dedicated car bays.With a modern facade surrounded by pristine gardens, 38 Colin Street is one of West Perth's most desired offerings for mining and professional service tenants.Opportunity Overview:- NLA: 255sqm*- 1 ASX tenant occupying both units- $89,250 net rent ($350/sqm)- 3-year lease just commenced 14/09/22- Modern fit-out featuring 7 private offices, boardroom, reception, kitchenette, and M&F toilets- 4 car bays- Boutique, well presented strata building- Abundance of natural light with front and side facing floor to ceiling windowsVacancies in West Perth have seen their biggest decline in 10 years, and businesses are soon to be joining the West Perth party. Roy Hill have invested $60M* in a new Ord Street location and Australian Development Capital have recently invested $13.1M* into a new building on Richardson Avenue.To access the relevant documents and information on the property, please follow the link below:https://app.reso.com.au/i/HKScpqUgXTo arrange a private viewing, please contact Greg Mitchinson or Brent Griffiths. *Approx.
The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2011 was 5,167 people. By 2016 the population was 5,618 showing a population growth of 8.7% in the area during that time. The predominant age group in West Perth is 20-29 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation. In 2011, 34.7% of the homes in West Perth were owner-occupied compared with 33% in 2016.
West Perth has 5,890 properties.
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