Located at the West Perth end of the Subiaco, 40 Churchill Avenue, Subiaco is a newly constructed mixed residential / commercial development.
The complex offers ground floor commercial office accommodation and three stunning residential apartments on the first floor.
Complete with secure and undercover basement parking, this complex is the epitome of class.
The ground floor office is 230 m² approximately completed with six tandem secure and undercover car bays, two ground floor undercover car bays (offering access directly into the rear of the building) plus a storage unit.
The complex itself was designed by Andrew Fowler and built by BCL
Constructions Pty Ltd and was completed in January 2008.
The ground floor office was leased to M Squared and Associates Pty Ltd with a date of lease commencement of 15th December 2007 for five years.
The Lessee has an option for a further term of five years commencing 15th December 2012.
Commencement base rent of $420.00 per sqm plus GST and car bay rental of $220.00 per bay per calendar month plus GST was achieved equating to annual income of $117,720.00 plus outgoings and GST.
There is a current market review set for 15th December 2008.

For a full information report, please contact Melissa Turton on 0407 427 195.