Ray White Commercial WA are pleased to present for sale 4/21 Biscayne Way, Jandakot. The tilt-panel 312sqm* warehouse is leased until May 2024 generating an annual income of $24,825.06pa + Outgoings and presents as an excellent opportunity for an entry level investor.
Property specifics include:
• Street front 312m2 clear span warehouse
• Office/Reception
• High truss
• Single bathroom
• Direct drive in access off the street enabling trucks easy entrance to the warehouse.
• Positioned in the blue chip Solomon Industrial Park, located just off of Solomon Road and directly behind the ever expanding South Central, close to the Kwinana Freeway and Armadale Road, Gateways Shopping Centre & the Cockburn Central Railway Station.
Lease Details:
• Commencement: 07/05/2017 with a 3-year option exercised 07/05/2021
• Term: 3 years
• Rent: $24,825.06
• Outgoings: $11,310pa
• Annual Increases: 3%
• Bond: $9,361
Tenant Profile:
Castleglen Filipino Foods is Australia's leading Filipino Food & Toiletries importer. They supply dried and frozen Filipino foods, and health and beauty products throughout Austalia to hundreds of Asian Supermarkets, as well as the growing number of Independent and Country supermarkets who are increasing their Asian and Filipino Food aisles. Castleglen was originally established by Filipino Australian Hermie Gillis after recognising most Asian shops were not supplying products for the very unique tastes and brands that Filipinos love. With headquarters in Perth, Castleglen expanded our facilities and now service food retailers Australia wide.
*approximately
For more information or to arrange an inspection please contact:
Tom Jones
Ray White Commercial (WA)
M: 0478 771 117
E: tom.jones@raywhite.com
Josh Sumner
Ray White Commercial (WA)
M: 0488 221 331
E: josh.sumner@raywhite.com
Enrique Reyes
Ray White Commercial (WA)
M: 0421 888 688
E: enrique.reyes@commercial.com
