299 Elmsfield Road Midvale WA 6056

100% Leased to 5 Tenants.
Total Site Area of 65,185sqm*.
96.4 Year Remaining Leasehold Term.

Knight Frank as exclusive selling agents are pleased to offer for sale the leasehold interest in 299 Elmsfield Road, Midvale.

The property comprises a significant 6.52Ha "Light Industry" zoned site improved with bitumen paved hardstand providing a total laydown lettable area of approximately 49,809sqm.
The property is situated on the Main Roads heavy haulage route allowing for 27.5m B-Double truck access and enjoys proximity to Great Eastern Highway (600m) and Roe Highway (1km) increasing the site's appeal from transport & logistics operators.

KEY FEATURES:
Site Area: 65,185sqm*
Lettable Area: 49,809sqm*
Proximity to Roe and Great Eastern Highway
Zoned "Light Industry"
2.3km* to Midland Town Centre

LEASE SUMMARY:
Ground Lease to Shire of Mundaring (96.4 years remaining)
Fully leased to 5 separate tenants
Gross Passing Income: $917,699 pa
Annual ground lease outgoings: $421,181
Net Passing Income: $496,518 pa

To request a copy of the information memorandum, please contact the exclusive selling agents.

Tom Iredell
+61 438 311 200
Tom.Iredell@au.knightfrank.com

Geoff Thomson
+61 407 245 801
Geoff.Thomson@au.knightfrank.com

*Approx.