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29 Excellence Drive
Wangara WA 6065
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29 Excellence Drive Wangara WA 6065

  • Factory, Warehouse & Industrial
  • 5,817 m²
  • For Sale, Price on Request

Trophy Industrial Investment | 10,016sqm Site | Renewed 7 Year Lease

    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.

    Property Highlights

    Floor Area5,817 m²
    Land Area1 ha
    EnergyAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019261762
    Category
    Last updated  12 Jul 2024
    Map for 29 Excellence Drive Wangara WA 6065

    Property Highlights

    Floor Area5,817 m²
    Land Area1 ha
    EnergyAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019261762
    Category
    Last updated  12 Jul 2024

    Co-Agents

    Zomart He 何梓轩
    Burgess Rawson VIC Pty Ltd
    Call
    0488 220 830
    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898
    Sam Mercuri
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 709

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    Property FAQs

    The agent has not listed a sale price for 29 Excellence Drive Wangara WA 6065. Contact the agent for a price guide.
    The floor area for 29 Excellence Drive Wangara WA 6065 is 5,817 m².
    The land area of 29 Excellence Drive Wangara WA 6065 is 1 ha.
    There is no on-site parking availability specified for 29 Excellence Drive Wangara WA 6065. For more information about parking, contact the agent.
    29 Excellence Drive Wangara WA 6065 is currently tenanted.
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