14-18 Morgan Street, ROCKINGHAM WA 6168
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- Industrial / Warehouse
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- 0 x Onsite parking
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- 6 Sep 2016
Leased investment with 8% yield
Colliers International is pleased to present this investment opportunity in the Rockingham Commercial Precinct.
Located just off Dixon Road, 14 Morgan Street provides the astute investor with a substantial land holding supported by a strong, long term income stream.
Currently occupied by Lotus Engineering, 14 Morgan Street is a highly functional industrial workshop with all the attributes expected of an operational steel manufacturing business.
This is one of the larger industrial sites in the area at 8,095sq m. With two full street frontages, there is enormous scope for future redevelopment or subdivision (subject to Council approval). In the meantime, a healthy yield of 8% net is being offered with a lease term of 5 years and three options of 3 years each.
This property consists of three overhead gantry cranes - 1 x 5 Tonne, 1 x 10 Tonne and 1 x 3.5 Tonne Yard.
This property is part of the Industrialist Perth Portfolio (IPP15).
Inspections by appointment with the Exclusive Listing Agent.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
14-18 Morgan Street ROCKINGHAM