### UNDER OFFER ###
$1,295,000 (Nil GST)
This quality built modern stand-alone 844sqm Office/Warehouse on a single title stand 1,286 block is a genuine opportunity to secure an excellent leased investment.
The property is located in Jandakot on Monash Gate, near the corner of Solomon Road with good access to Kwinana Freeway and Row Highway. The area around the property has been undergoing significant development in both commercial and residential. It is located in close proximity to the Jandakot Shopping Precinct which boasts such businesses as Bunnings, KFC, Hungry Jacks, Officeworks, Fantastic Furniture, Autobahn and Caltex. Also a short distance away on the western side of the freeway is Cockburn Central and The Cockburn Gateway Shopping Centre.
The building is constructed of concrete tilt panel with insulated metal roof of 7.6 metres high. The ground floor has a reception area, male, female, disabled toilets and a kitchen. The first floor is a 141sqm office partitioned into administrative and children's area. The Lessee has gone to considerable expense to customise the warehouse to create a cafe/function area and auditorium. The auditorium is specially serviced by four Hitachi reverse cycle air-conditioning units belonging to the Lessor. The grounds are fully fenced with bitumen car park and reticulated gardens. There are 15 marked car parking bays on site along with additional hardstand.
This property is leased to Shekinah Presence Worship Centre Inc, a Christian church achieving great outcomes both locally and abroad. The Lessee has strong International ties and continues to grow its congregation and its capacity to impact overseas and local communities.
LEASE SUMMARY
Term: 5 years commenced 13th May 2017.
Option: 3 years commencing 13th May 2022.
Net Rental: $88,033.92 per annum.
Rent Reviews: Consumer Price Index annually and Market Review on 13th May 2022.
Outgoings: Fully paid by Lessee.
Lease: Lease available upon request.
GST
Zero Goods and Services Tax as the property is being sold as a "Going Concern".
PRICE:
$1,295,000 (Nil GST - being sold as a Going Concern)
For further information, please contact the exclusive agents.
