Brand new 12 year net lease to Bunnings plus 8 x 6 year options.
Bunnings is a division of Wesfarmers Limited, an ASX listed top 10 company.
Bunnings sales exceeded $9.5 billion in 2014/15.
Fixed annual 2.5% rental increases.
Premium net lease, tenant pays outgoings including land tax.
Modern building design with convenient on-title parking.
Building comprises of main warehouse, timber yard and nursery.
Significant 4,028 sqm corner site with 3 street frontages.
Good depreciation benefits.
Osborne Park: Thriving inner metropolitan location with an established residential and industrial base only 10 minutes (8km) from the Perth CBD.
Rent: $328,000 pa.
Auction 11am Wednesday 29th June
River Room, Crown Casino, Melbourne