190 Stirling Street,
Perth, WA 6000
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Cygnet West
Level 26, 197 St Georges TerracePERTH, WA 6000
190 Stirling Street
Perth, WA 6000
Map of 190 Stirling Street
High Yielding Gov’t Tenanted Offices
- Major govt tenant on a new 7 year lease
- High yielding investment
- Long lease profile
Cygnet West is pleased to present to the market an office investment that well and truly ticks all of the boxes.
190 Stirling St combines a strong income profile in a vibrant Perth City location.
The majority of the asset is leased to the WA government and the remainder of the building is occupied by community focused organisations.
Key highlights of this opportunity include:
- 7.4%+ yielding asset
- Over 60% of the net income underpinned by WA state government department;
- Double storey lifted modern office accommodation;
- 5 Star NABERS Energy rating;
- Easily sub-divisible 1,200sqm + floor plates with high ceilings;
- Fully occupied building with 5 year WALE (by income as at 1 December 2022);
- Fully leased net income of $928,922* pa;
- 36 car bays providing a ratio of 1 bay : 78sqm of NLA;
- Future development potential in “Mixed-use” zone, permitted residential density of R80 and 4-storey height limit.
The property is offered for sale by Private Treaty of an asking price of $12,500,000.
For more detail and to arrange and inspection please contact the Seller’s exclusive agents:
190 Stirling St combines a strong income profile in a vibrant Perth City location.
The majority of the asset is leased to the WA government and the remainder of the building is occupied by community focused organisations.
Key highlights of this opportunity include:
- 7.4%+ yielding asset
- Over 60% of the net income underpinned by WA state government department;
- Double storey lifted modern office accommodation;
- 5 Star NABERS Energy rating;
- Easily sub-divisible 1,200sqm + floor plates with high ceilings;
- Fully occupied building with 5 year WALE (by income as at 1 December 2022);
- Fully leased net income of $928,922* pa;
- 36 car bays providing a ratio of 1 bay : 78sqm of NLA;
- Future development potential in “Mixed-use” zone, permitted residential density of R80 and 4-storey height limit.
The property is offered for sale by Private Treaty of an asking price of $12,500,000.
For more detail and to arrange and inspection please contact the Seller’s exclusive agents:
Property ID: 504096319Last Updated: 28 Apr 2023
Cygnet WestLevel 26, 197 St Georges Terrace
PERTH, WA 6000
PERTH, WA 6000
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