sold

LEASED OFFICE AND WAREHOUSE/WORKSHOP FACILITY WITH 5T GANTRY CRANE

•Annual Rent of $184,095.48 per annum plus GST and Outgoings
• 100% Leased
• Excellent Upside

The building consists of an office/warehouse totalling some 1,557 sqm that was constructed in 2014. Construction comprises concrete floors and footings, steel frame, concrete panel elevations and a metal deck clad roof. Presented is an excellent opportunity to purchase a leased investment forming a part of the highly coveted Western Trade Coast, a geographical sub-region that is anticipated to see high commercial and residential growth. Further to this, the site is ideally located to service the AMC and broader industrial locations such as Kwinana Beach and Naval Base. Properties of this calibre are becoming increasingly rare, with restricted industrial land supply through out the Southern Corridor and broader metropolitan area. The tenant covenant is impeccable with Altrad Group acquiring Valmec (who had been in possession of the premises since 2018) in 2021.

The two-storey office accommodation is over two levels and has a total area of 460 sqm. It includes an entry foyer/reception, partitioned offices, boardroom, and male and female amenities. Internal finishes include carpets and tile floor coverings, painted walls, suspended panel ceilings and recessed fluorescent lighting. Reverse cycle air-conditioning is provided throughout the office. The warehouse has a total area of 1,097 sqm and a truss height of approximately 8.0 metres. Construction comprises concrete floors and footings, concrete tilt panel elevations and iron roof with roof insulation. Lighting is provided via high bay mercury vapour lamps and translucent sheeting; the warehouse does include a five (5) tonne gantry in one bay.

The balance of the site is concrete paved with car parking and landscaping provided along Success Way and Jessie Lee Street. There are two crossovers provided off Success Way and Jessie Lee Street.
The building improvements are modern and have been constructed to a high standard.