Net income of $195,000 p.a. + GST 1,689 sqm GLA on 2,739 sqm site Blue Chip Industrial Location
Located In the heart of the highly sought-after Welshpool industrial precinct, 119 Ewing Street presents the opportunity to purchase a function office/warehouse underpinned by a long-term lease to a national tenant Rise Distributors Pty Ltd.
Improvements comprise a circa 2000 built functional office/warehouse totaling some 1,689 sqm of GLA positioned on a 2,739 sqm rectangular shaped site. Construction comprises concrete tilt pre-cast panels with a steel frame and metal clad roof.
Key Features Building Improvements: 1,689sqm Site Area: 2,739sqm Zoned "General Industry" Blue chip industrial location High voltage solar panel system Proximity to Welshpool Road and Leach Highway 10km to Perth CBD 7km* to Perth Airport Estimated outgoings: $55,000 per annum
Lease Summary Fully Leased to Rise Distributors Pty Ltd Passing Income of $195,000 p.a. + Outgoings + GST Lease Term: 8 Years Commencement Date: Upon Settlement Option period: 4 Years Rent Reviews: CPI annually (capped at 2.5%) with a market review at year 5 and option commencement
The property is offered for sale via a Request for Offers campaign closing Thursday 9th December 2021 at 4pm AWST.
