SOLD

45 Broadwood Street, West Kalgoorlie, WA 6430

BLUE CHIP ON BROADWOOD STREET

John Matthew and Sons are pleased to present this outstanding investment to the market on behalf of the Vendor.

45 Broadwood Street is an industrial property of the highest quality, originally constructed in 2010/11, and leased on completion to Xylem Water Solutions Australia Ltd, a subsidiary of New York Stock Exchange listed company Xylem Inc.

- Generous Land Parcel at 8,002sqm*
- Reverse-cycle air conditioned offices of 280sqm*
- High truss workshop of 1,280sqm*
- Load rated mezzanine of 127sqm*
- Cantilevered canopy totaling 320sqm*
- Covered wash down bay of 83sqm*
- 5 tonne overhead gantry crane
- Combination of concrete, bitumen and unsealed hardstand areas

*Approximate only

> Quality Tenant – Xylem Water Solutions Australia Limited
> Secure Lease – Five (5) year term commencing 1st May 2021 (original Lease commenced 1st May 2011)
> Passing Rent – $505,658.97pa + GST + Outgoings
> Rent Reviews - Fixed 3.00% on 1 May annually

Asking Price $5,950,000 and being sold as a 'Going Concern.'
Return on Asking Price - 8.50% (approx)

Estimated Statutory Outgoings
Council Rates – $22,000.00 + GST
Water Rates – $650.00 + GST
Insurance – $12,000.00 + GST

For a copy of the Information Memorandum give Daniel Lavery (0411 174 452) or James Brennan (0434 967 357) a call, or email them at [email protected] &/or [email protected].