Fully Leased Investment - 2 Buildings on 2 Green Titles - 8.5% RETURN !! Ron Farris Real Estate Pty Ltd and Allied Property Consultants as Exclusive Selling Agents are pleased to offer a great opportunity to purchase these prime commercial properties in the growing and ever changing City of Armadale.
Occupancy Fully leased to Commonwealth of Australia
Estimated Net Income $409,007.28 PA plus GST
Net Lettable Area 40 William Street, 565sqm 42 William Street, 633sqm
Land Area 40 William Street, 1010sqm 42 William Street, 1012sqm
Price Reduced Its vacant and ready for someone to do the rebuild .
Property was recently extensively damaged by fire and the owner does not wish to rebuild and this presents an opportunity for you.
We have for sale 1763m2 of General Industrial land with sheds that were approx 600m2 that are in varying condition .
The front two factories are in reasonable shape and the toilet block is also still in good condition ( HWS burnt) but the rest will require some work.
The price is hard to replicate and arguably represent land value only. (1763 x $270psm = $476,000)
Its rare to find a small green titled block...
* Land Area: 10,118sqm (approx) * Current WAPC Approval. * 18 Green Titled lots ranging from 345sqm to 447sqm. * Join Satterley, Peet & Co, Wallis Property Group, Stockland and the Department of Housing in the master planned urban renewal programme being done in the Wungong Area. * This offering provides the opportunity to acquire a development site with a current WA Planning Commission Approval adjoining and neighbouring larger property developers. * The property enjoys the benefit of holding income being derived from the house on the property with a lease in place until May 20...