Syndicate Details
Purchase Price: $3.3 million
Date of Aquisition: March 2022
Located just 1.8km from the Perth CBD, on the corner of Southport and Harrogate Streets in West Leederville, 20-22 Southport Street comprises a double storey 1,302 square metre office building on 1,055 square metres land.
Active Asset Management Creates Long-Term Value
Commercial property investment extends well beyond acquiring quality assets. Long-term performance is often enhanced through proactive management and strategic improvements that increase both income and asset value.
One recent example within the Scope Property Group portfolio is the installation of a 30-kilowatt solar system at 20-22 Southport Street, West Leederville.
After more than twelve months of operation, the system is generating approximately $10,700 per annum in electricity income, representing an annual return of 32.52% on the original installation cost.
Importantly, this additional income has also contributed to the property's independent valuation, resulting in an estimated $107,000 increase in value through capitalisation of the new income stream. It demonstrates how relatively modest capital improvements can deliver meaningful long-term returns for investors.
