Axia Corporate Property together with Northbridge Sales and Leasing are pleased to present 9 Irvine Street, Bayswater, for Sale by Offers to Purchase.
The arrival of the property to the market provides a superb opportunity for owner occupiers and/or investors to procure a freehold offering in the sub $1M category, located within the established and well regarded Industrial/Commercial precinct of Bayswater.
Investment Highlights:
- Generous land holding of 882sqm*
- Rectangular shaped and predominantly level corner site
- Solid versatile improvements of 817sqm* over three (3) tenancies (includes non-approved Unit 3 Warehouse)
- Very unique, exclusive use verge parking, via parking agreement with City of Bayswater, across the Munt Street boundary providing for generous onsite parking
- Right of Way to rear boundary
- Ability to occupy all or part of property, allowing for rental income on non occupied units
- Excellent connectivity and proximity to major transport networks
- Tightly held precinct
- Freehold offering in sub $1m category
- Very cost-effective outgoings
Zoning:
"General Industry" under the City of Bayswater Local Planning Scheme No. 24 (suits many uses including warehouse, mechanical workshop, factory and many other uses (STCA)).
Site Description:
The land is almost rectangular in shape and generally level and contains the following dimensions;
Irvine Street Frontage: 12.67 metres* (plus truncation of 7.91 metres*)
Frontage to Munt Street (Southern Boundary): 45.12 metres*
Northern Boundary: 50.15 metres*
Western (Rear) Boundary: 17.7 metres*
Total Site Area: 882sqm*
Improvements and Individual Areas:
The offering comprises three consecutive warehouses, each fully self contained, with direct street fronting access. Construction is in a combination of brick and metal cladding elevations, concrete flooring and insulated (Unit 1) metal deck roofing to Units 1 and 3 and asbestos fibro sheeting to Unit 2. Air-conditioning is afforded to portions of Unit 1 & 2. Unit 2 also benefits from a Mezzanine Level^. The property benefits from generous onsite parking, located predominantly along the Munt Street boundary and at the front of the property.
Unit 1 (Showroom, Warehouse and Office) 381sqm* (including approved second level offices of 91sqm*)
Unit 2 (Warehouse) 304sqm*
Unit 3 (Warehouse) 132sqm* (this is not an approved addition although has been in place for a number of years. The Seller makes no warranties in this regard and proponents must undertake their own advice re this matter)
Outgoings:
Statutory Outgoings 2021/2022
City of Bayswater Council Rates $5,523.24*
Water Corporation $ 796.26*
Land Tax (single ownership) $ 468.00*
For more information, please contact the Joint Selling Agents.
*Approx.
