2 Thorpe Way Kwinana Beach WA 6167

Savills are pleased to present to the market for sale, two investment properties at 2 Thorpe Way, Kwinana Beach & 147 Barrington Street, Bibra Lake.

Together they offer a rare opportunity to secure to primely located industrial facilities secured by a long-term leases to MinRes Properties Pty Ltd.

Key investment highlights as follows;

2 Thorpe Way
- 15,087sqm* site area
- 4,234sqm* GLA
- $587,000 per annum passing net rent

147 Barrington Street
- 15,605sqm* site area
- 7,390sqm* GLA
- $976,000 per annum passing net rent

Fully leased to MinRes Properties Pty Ltd
Leased until 31 December 2034, plus 5 year option
3.5% fixed annual increases
Market review at 5th anniversary (10% cap/collar), upward only open market review at the option date
Triple-net lease structure

*approximate

The properties are being offered individually, or in a line, by way of an EOI closing 4pm 23rd October 20224.

For further information or to arrange an inspection, please contact the exclusive selling agents below.