COMPLETE INDUSTRIAL PACKAGE & HOLDING INCOME
Axia Corporate Property is pleased to present 20 Sorbonne Crescent, Canning Vale for Sale by way of Offers to Purchase.
The arrival of the property to the market provides a superb opportunity for owner occupiers and/or investors to procure a quality freehold industrial asset located within arguably one of Western Australia's most recognised and desirable industrial precincts.
The offering comprises a sizeable land holding of 2,200sqm* supporting a very presentable, fully partitioned and partially furnished office comprising 335sqm* and an adjoining high truss warehouse of 553sqm*. The warehouse has a functional floorplate and direct access to surrounding hardstand, allowing for container drop off and storage. There is an abundance of onsite parking located across the front and side of the property.
Investment Highlights:
- Highly sought freehold asset
- Sizeable landholding of 2,200sqm*
- Solid quality improvements of 888sqm*
- Tightly held precinct
- Flexible "General Industrial" Zoning
- Excellent connectivity to major transport networks
- Established & highly desirable industrial precinct
- Holding income until 31st May 2023
- Ability for significant rental upside to current holding income
Zoning:
The City of Canning notes the property as zoned "General Industry" under their Local Planning Scheme No. 42. The zoning allows for a variety of approved and discretionary uses. Proponents must make their own enquiries with relevant authorities as to permitted use and zoning.
Statutory Outgoings 2022-2023:
City of Canning - Council Rates - $7,881.91
Water Corporation - Water Service Rates - $868.38
Office State Revenue - Singe Ownership Land Tax - $1,775.00
Holding Income:
The property is Leased until 31st May 2023 with a passing NET rental of $61,902.98p.a. plus GST. The Tenant pays all Statutory and Variable Outgoings including Property Management fees. As the Tenant is downsizing, an option for earlier possession may be entertained allowing for an owner occupation much sooner, or the ability for an investor to market the property for Lease at a higher rental, with incumbent Tenant vacating upon procurement of a new Tenant.
For further information, please contact Franco Gangemi.
*Approx.
