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23 - 29 Fargo Way Welshpool WA 6106

  • Industrial / Warehouse
  • Floor Size7,670 m²
  • PriceFor Sale, Contact Agent

Welshpool Industrial Investment

  • 100% Leased Investment
  • Diversified Income Stream
  • High Quality Covenants

JLL are pleased to offer the opportunity to purchase a rare WA industrial investment located in Perths most tightly held submarket of Welshpool. Investment acquisition prospects in the WA industrial sector are scarce and this opportunity provides the market a chance to secure a superbly located industrial asset, with a diversified income stream, underpinned by a very strong underlying land component.

Key Investment Highlights Include:

- Strategic land holding of 1.632HA* on a single freehold title
- Fully leased to two tenants including The Workwear Group Pty Ltd ( ASX20 - Parent Company Wesfarmers Group) and one of WAs most recognisable businesses in Rosss Auctions (Dodd & Dodd)
- Net passing income of $627,000* p.a. (excl GST & Outgoings)
- Guaranteed annual rental growth
- Over 205* metres of direct street frontage with 5 crossovers to Fargo Way
- Positioned on a RAV 4 network, 8 kilometres* from the Perth Airport, 4 kilometres* from the Intermodal Freight Terminal and 12kilometres from the Perth CBD
- Fast and efficient access to major arterials including Roe Hwy, Tonkin Hwy & Orrong Road
- GLA of 7,670sqm* and comprising good quality office and warehouse accommodation with very strong leasing history
- Potential for future subdivision or redevelopment in land starved market

The property is offered for sale by Expressions of Interest closing 4pm (AWST) on Thursday 8 August 2019.

Property Highlights

Property ID2015413715
Floor Area7,670 m²
Land Area1.6 ha
Parking53 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
Last updated  4 Jul 2019
Map for 23 - 29 Fargo Way Welshpool WA 6106
JLL - Perth
Level 29, Central Park 152-158 St Georges Terrace Perth WA 6000

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