Jolimont-based Hire Intelligence International has splashed $7.5 million on an investment property on Barrack Street in Perth.
The computer rental group said it had bought the freehold of 23 Barrack Street, which has a net lettable area of 1,206 square metres.
"Based on the current plot ratio of 5 to 1, a further 589sqm can potential be added," the group said.
The building is owned by MPH Resources Pty Ltd and the premises are already occupied by two head tenants that are paying a passing rent of $668,945.
Shares in Hire Intelligence were untraded at 15 cents at 12:35 AEDST.