DFR Commercial are pleased to present to the market this fully leased Industrial complex with four separate tenants returning $63,405 annually nett, leased to long term local tenants with great track records.
This opportunity is well worth investigation as the income stream is not just dependent on a single tenancy and has scope to increase as the market has evolved since the tenancies were last reviewed.
The property is positioned in the heart of Naval Base which has a general industry zoning and is very close to the proposed second port in Kwinana. The block is a rectangular lot with a depth of 71.98 metres and good size frontage of 28.7 metres having good access for large vehicles.
Features Include:
- Total land area 2,066m2
- Total lettable area of 720m2 made up of:
- Unit 1 - 180m2 with 200m2 yard
- Unit 2 - 180m2 with 100m2 yard
- Unit 3 - 180m2 with 100m2 yard
- Unit 4 - 180m2 with 200m2 yard
- Unit 1 & Unit 4 - Leased @ $35,000 on a periodical lease basis
- Unit 2 - 180m2 - Leased @ $14,500 until 17/07/2022 plus 1 year option
- Unit 3 - 180m2 - Leased @ $13,905 until 19/7/2022 plus 2 x 1-year options
Approximate annual outgoings: Council rates $8,486.84, Water usage $678.72, Fire services $250, Insurance $5,099.60, Gardens $400, Land tax $413.20. NOTE: All tenants pay management fees.
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