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Sold on 6 Jan 2020

103 Welshpool Road Welshpool WA 6106

  • Factory, Warehouse & Industrial
  • 5,246 m²
  • Sold

AUSTRALIAS SOUTHERN CROSS PORTFOLIO 5 ASSETS IN 4 STATES

For Sale
103 Welshpool Road, Welshpool, WA, Australia

JLL are pleased to offer the opportunity to acquire 103 Welshpool Road, Welshpool, WA as part of The Southern Cross Portfolio.

The property provides a strategic land bank opportunity underpinned by its significant underlying land value and strong triple net lease covenant expiring April 2028 to Milne AgriGroup Pty Ltd, one of Western Australias largest integrated agribusiness groups. The asset also benefits from its strategic location within Perth with approx. 230 metres of street frontage to both Leach Highway and Welshpool Road.

Key investment highlights include:

- Strategic land bank of 3.2HA in a land constrained location with flexible underlying zoning
- Fully leased to recognised tenant Milne Feeds providing a WALE of 8.7 years (as at Sept-19)
- Fixed annual 3.25% rental increases
- Rental income of $1,758,160* p.a. net
- The lease is structured on a triple net basis with the tenant responsible for all outgoings and repairs/maintenance of a structural nature providing landlord security
- Corner site boasting 230* metres street frontage to both Leach Highway and Welshpool Road
- Located on one of Perths busiest intersections with strategic benefits for future higher and better use opportunities (STCA)
- Fast and efficient access to major arterials including Welshpool Road and Leach, Roe and Tonkin Highways
- Close proximity to Kewdale Freight Terminal and Perth Airport precinct
- High underlying land value underpins the asset
- High profile location and long standing occupation by Milne Feeds makes this asset one of Perths most recognised corner sites.
- Circa 75,000 vehicles pass the site daily along Leach Highway and Welshpool Road

*approx.

Address103 Welshpool Road Welshpool WA 6106
ZoningGeneral industry
CouncilCITY OF CANNING
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Property Highlights

Property ID2015259861
Date Sold6 Jan 2020
Floor Area5,246 m²
Land Area3.19 ha
ParkingAsk Agent
Category
Last updated  10 May 2019
Map for 103 Welshpool Road Welshpool WA 6106
Map for 103 Welshpool Road Welshpool WA 6106103 Welshpool Road Welshpool WA 6106
JLL - Melbourne
Level 40 101 Collins Street Melbourne VIC 3000

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