25 Shovelanna Street Newman WA 6753

- New 5 year lease to December 2023 plus option
- Current rent $195,000 pa net
- 3% annual increases
- 565sqm* workshop, 160sqm* offices
- Land area 3,086sqm
- Corner location
- Securely leased to long term tenant North West Alliance P/L a subsidiary of multinational Veolia
- 6 month bank guarantee

Introduction
Burgess Rawson are pleased to offer for sale by Private Treaty the opportunity to purchase a high yielding, fully leased industrial facility in the established mining town of Newman.

Location
Newman is a mining town located in the Pilbara region of Western Australia, approximately 1,186 kilometres north of Perth and approximately 9 kilometres north of the Tropic of Capricorn. Newman is a well established mining town with shops, hotels, bars and restaurants.

Improvements
The property comprises a substantial workshop with internal offices. The building is constructed of 10 inch concrete floors, steel framing and metal clad sheeting to the roof and walls and has an approximate area of 565sqm and a height of 8 metres to the eaves. A two level office of approximately 160sqm and a crib room are located within the workshop area. Other features include a vehicle inspection pit, washdown bay and the property is fully fenced.

Legal Description
Lot 14 on Plan 56657 Certificate of Title Volume 2678 Folio 604.

Land Area
3,086sqm

Zoning
The Shire of East Pilbara advise that the property is zoned ‘Industrial’.

Tenancy Details
New 5 year lease to December 2023 plus option with a current net rent of $195,000 pa.

Asking Price
Offers from $1,800,000 (GST Going Concern)

Goods and Services Tax
The sellers are registered for GST and the property will be sold as a Going Concern.