Level 2, 16 Irwin Street,
Perth, WA 6000

Blue Chip property!

- Returning over 7.5%
- Leased until May/June 2018
- Current net income: $116,783

The opportunity to acquire blue chip CBD property yielding a solid return is rare. We are proud to present this strata titled commercial property for your consideration to purchase. Total area of the lot as recorded on the strata plan is 318m2. This area consists of 307m2 for offices and 11m2 for the car bay.

This lot is positioned on the north west corner of the building allowing for good natural light penetration into the many spacious offices. The commanding view of the District Court and Central Law Courts from this second level also provides a great perspective of this historic and very important location.

The Irwin Chambers building is an integral part of Perth's legal precinct. Positioned directly opposite the District Court and the Magistrates Court, close to the Supreme and Federal Courts of Australia, within a short distance of the future locations of the new Supreme Court and the the State Administrative Tribunal. This building has long been a preferred position for legal professionals.

Surrounded by the Mercure Hotel, Kings Hotel and the soon to be Westin. Operated by Starwood Hotels, the Westin will sit directly across the road from Irwin Chambers and will be the latest 5 star hotel adding another 350 rooms to Perth's metropolis of accommodation offerings. (Source:Government of Western Australia)

Lot 17 takes up a large portion of the level 2 floor plate and consists of 2 tenancies. The leasing history is strong and the leases run until mid 2018. The existence of a car bay on title adds to the income stream of the property. The strata company is well run and has been pro-active in managing this building.

As part of your assessment of this outstanding opportunity, we encourage you to seek appropriate legal and financial advice accordingly.

Call Jason Stanley to discuss further.