Burgess Rawson are pleased to offer the fully leased EHI Australia freehold investment located at 29 Excellence Drive, Wangara WA for sale via Expressions of Interest closing Thursday 27 June 2024.
Investment highlights include:
+ Newly renewed 7 Year lease to EHI Australia plus 2 x 5 Year options to 2041
+ EHI Australia: wholly owned by Colson Group, the largest manufacturer of castor and wheel products in the world, supplier to Bunnings Warehouse
+ Colson Group is a portfolio company of New York based private equity firm Blue Wolf Capital Partners with $2.9Billion USD in capital
+ Investor preferred net lease terms with EHI Australia paying all outgoings including land tax and insurance
+ Fixed 3.25% annual rent increases assuring growth
+ Currently undergoing major capital improvement & building extension, offering depreciation benefits & securing tenant's long-term needs
+ Substantial 10,016sqm* freehold site located within the tightly held Wangara Industrial precinct
+ Modern 5,817sqm* warehouse/office space plus additional 825sqm enclosed unloading area
+ Excellent internal height of 11m with additional mezzanine storage space
+ Strategic location surrounded with major industrial and bulky goods tenants such as Bunnings, Reece Plumbing and National Storage.
+ Easy access to Hartman Drive (219,500 vehicles passing weekly), Ocean Reef Road and Mitchell Freeway
+ Single tenant minimum management investment
+ Wangara: One of Perth's busiest industrial areas approximately 20km north of the Perth CBD
+ Perth: One of Australia's tightly held and sought-after industrial markets, with a close to all-time low vacancy rate of 1.6% as at Q4 2023.
+ Net Income: $680,000 pa + GST
Expressions of Interest
Closing 3pm (AWST) Thursday 27 June 2024
For further information please contact the agents directly
*Approx.
