Perth, WA

A modern office/retail development in the heart of Ellenbrook’s residential neighbourhood is expected to prove a strong draw for investors with the offer of a guaranteed rental income and attractive yield.

The building at 1 Highpoint Boulevard is a two-storey development comprising executive offices on both levels, and a corner retail tenancy. The property also contains a residential apartment of just over 140sq m on the upper level, at the building’s northern end.

The flat and all bar one of the building’s eight office suites are currently tenanted. Colliers International Investment Sales Executive Terry Hutchings said the vacant office suite, a 69sq m tenancy on the ground floor, could be expected to fetch $200sq m – however, the property's vendors were offering a rental guarantee for 12 months on the vacant tenancy amounting to $13,880.

“The decision by the vendors to put that rental guarantee in place means the buyer will pick up a guaranteed annual net rental income of just over $207,000, which equates to a yield of 8.82 per cent on the asking price,” said Mr Hutchings.

“In the current market, that kind of a yield makes for a very attractive proposition.”

The property is zoned General Commercial by the City of Swan and offers a total land area of 1,821sq m, with a net lettable area of 1,074.5sq m over the two levels.

Mr Hutchings said the area in which the property was situated was an established part of Ellenbrook, and sat adjacent to the popular Woodlake Village Shopping Centre.

It also offered good access to the rejuvenated Midland Town Centre via the Great Northern Highway.

The property at 1 Highpoint Boulevard, Ellenbrook is For Sale by Private Treaty with an asking price of $2.35 million.

About Colliers International

Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,092 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918 square feet, and has revenue of $US 1,620,958,349.

Contact Information

Terry Hutchings, Executive

Investment Sales,
Tel: +61 8 9261 6647

Mob: +61 434 659 808

Email: Terry.Hutchings@colliers.com

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