For sale

MLV as exclusive agents are pleased to present to market as a leased investment, 228 Welshpool Road, Welshpool. A prime grade Office / Showroom / Warehouse / Workshop facility in Perth's most highly coveted industrial location. Featuring 2,170 sqm of GLA on 4,048 sqm of Industrial land and a strong lease covenant (national tenant), we recommend all Buyers enquire promptly as this opportunity will not last. The premises is currently under rented but with an impending Market Review due in August there is considerable rental reversion upside in the immediate short-term.

Tenancy Highlights:

• 6 Year Lease commencing 1/08/2022
• 5 + 5 year Options
• Total Passing Rental $262,753.48 + GST & Outgoings (including special facilities rent)
• Annual CPI increases with a Market Review every third Year (next due 1st August 2025)
• Bank Guarantee of $80,000

Tenant Highlights

• National Operator with 11 locations in Australia and 1 in Auckland
• Established business which has been in operation since 1958
• www.richmondau.com

Building Highlights and Attributes:

• Near New build (2022 completion)
• High Truss of 11.5m
• Future Gantry Crane Provisions (would allow for approximately 8.5m under hook)
• 4 motorised roller doors for access
• Air conditioned warehouse
• High spec Warehouse / Showroom
• Office: 152 sqm
• Warehouse: 1,623 sqm
• Showroom: 83 sqm
• Canopy: 312 sqm

MLV are selling the premises via an Expressions of Interest campaign closing 4pm 1st March 2025 (the seller has the right to sell prior to the closing date should an offer be suitable). For further information please contact the exclusive agents Stefan Quaresimin on 0421 929 686 or David Lamb on 0411 597 952.