SOLD

This is an easy walk in investment opportunity as the property is occupied by a long term tenant who has just extended their lease by 5 years.

Land - 2,749m with 2 street frontage to Stockton Road 64m and Helmshore Way 43m.

Location - The property is very well located in a prominent position on Stockton Road in the popular southern suburb of Port Kennedy, located between Rockingham and Mandurah. It is easily accessed via the Kwinana Freeway and Safety Bay Road.

Title Details - Lot 303 on Plan 21000 and contained within Certificate of Title Volume 2057 Folio 273.

Improvements - The buildings are of solid construction and in good condition. The buildings are constructed of concrete footings and floor, a combination of concrete tilt panel and metal clad elevations and metal deck roof. The basic areas of the buildings are as follows:

Workshop/Warehouse Approximately 367m
Canopy Approximately 192m
Office / Showroom Approximately 212m.
Front Display & Carpark Area is approximately 1200m.
Rear bitumen hardstand Approximately 711m

Tenancy Details
Lessee Trojan Steel Pty Ltd.
Term 5 years from November 2021.
Rent Reviews Reviewed annually from Commencement Date to 3.5% and the greater of market or 3.5% at the expiry of the 5 year period.
Rental - $88,695 PA net + GST + outgoings (inclusive of management fees).

Asking Price - $1,430,000 (Nil GST as a going concern). All offers presented.
Please book inspections through Trevor Longwood - Ph 0431 678 500, Inspection by appointment only as no drop ins will be permitted by the tenant.