_East Perth building next to busy roundabout with ‘The Impossible Triangle’ sculpture up for sale

The property at 2 Brook Street, which was completed in the year 2000, consists of a two-level building with 2,676sq m of net lettable area and 62 basement car bays on a 1,974sq m site with triple street exposure.

It is being taken to the market via an Offers to Purchase campaign run by Tony Delich of Knight Frank in conjunction with Eric Rogers of Metway Real Estate on behalf of a private seller.

The asset is leased to three tenants including Globe Data Analytics Pty Ltd, accounting and financial planners Tilenni Stiles & Associates, Clairs Keeley Lawyers and the Minister for Works (Department of Education), with one vacant tenancy.

It has a passing net income of $539,452 per year and an estimated fully leased net income of $733,710 per year.

Mr Delich said the property would appeal to buyers due to its income, location and growth potential.

“This prime investment delivers a secure income stream from three solid tenants, with the potential to add value by leasing the vacant tenancy, as well as through future rental reversions,” he said.

“It would suit investors or owner occupiers, with the latter able to move into the vacant space if desired.

“Importantly, it is also surrounded by major state government occupiers, as well as residential and recreational amenity including Claisebrook Cove and surrounding riverside parklands including Tea Tree Lagoon directly opposite the building.”

Mr Rogers said: “The building at 2 Brook Street is visually appealing given its wide street frontage.

“It has been configured to allow for excellent natural light to all tenancies with views of the city and surrounding parklands. “

“The property occupies a commanding position in East Perth with great exposure on a very busy roundabout.”