8 Meliador Way Midvale WA 6056

Prime "A" Grade office/warehouse/workshop facility comprising 320sqm* of partitioned offices and 821sqm* of clear span workshop with 5 tonne gantry crane on a 2,091sqm* freehold lot. The property features perimeter security fencing, room for containers and small rear yard with store.

Currently leased to Gemini Accident Repair Centres Pty Ltd on the following terms

- Net Rent: $128,125.98 pa + GST and Variable Outgoings

- Expiry: 3rd April 2016

- Permitted Use: Vehicle accident repair centre

- Security Bond: $50,000

- Currently Available for Sub Lease

The property is currently being offered for sub lease by the current Lessee at $120,000 plus GST and Variable Outgoings making the building suitable for occupation by an owner occupier if required. I.e. the current Lessee will readily surrender their lease.

The property shows a 8.57% return on the current rent and an 8.0% return on the advertised sub lease rent.
Whichever way you look at it this property represents genuine value.