1 Paxton Way Port Kennedy WA 6172

Factory, Warehouse & Industrial
1,284 m²
Sold

Outstanding Investment Opportunity !!!!

LOCATION
Situated within the established industrial suburb of Port Kennedy, which is approximately 40 Kilometres south of Perth. The property is located on the corner of Paxton Way and Bakewell Drive providing easy access to Port Kennedy Road, Ennis Avenue and Mandurah Road.

IMPROVEMENTS
1 Paxton Way, Port Kennedy has 104 storage units and 1 parking bay. The units range in size from 3m2 to 16.5m2 and the property has a total building area of approximately 1284m2. The total land area is 3,363m2

ZONING
From verbal inquiries to the City of Rockingham the property is zoned "Port Kennedy Business Enterprise"

RENTAL INCOME
The current monthly income is $17,606, which equates to an annual gross rental of $211,272.
When fully leased at market rents the annual income will be $257,336 gross per annum.
The units benefit from annual open market rent reviews.

OUTGOINGS
The statutory outgoings for 2008/09 are $11,055.