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Sold on 12 Apr 2019

25 Shovelanna Street Newman WA 6753

  • Factory, Warehouse & Industrial
  • 725 m²
  • Sold

High Yielding Investment

    - 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.

    Rob Selid
    Burgess Rawson
    Rob Selid
    Burgess Rawson

    Property Highlights

    Property ID2014971856
    Date Sold12 Apr 2019
    Floor Area725 m²
    Land Area1,248.86 ha
    ParkingAsk Agent
    Category
    Last updated  9 Apr 2019
    Map for 25 Shovelanna Street Newman WA 6753
    Map for 25 Shovelanna Street Newman WA 675325 Shovelanna Street Newman WA 6753
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Rob Selid
    Burgess Rawson
    Rob Selid
    Burgess Rawson

    Property Highlights

    Property ID2014971856
    Date Sold12 Apr 2019
    Floor Area725 m²
    Land Area1,248.86 ha
    ParkingAsk Agent
    Category
    Last updated  9 Apr 2019
    Burgess Rawson
    Level 10 225 St. George's Terrace Perth WA 6000
    Rob Selid
    Burgess Rawson
    Rob Selid
    Burgess Rawson

    Ask Rob Selid about this property

    Rob Selid

    Rob Selid

    Burgess Rawson

    0412 *** ***
    0412 198 294

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