$1,625,000

Hedland First National are pleased to list this commercial property for sale, as not often do such properties in a central location become available, giving the buyer a fantastic investment opportunity.

Located in the prime location on Shovelanna Street, Newman this is a very rare opportunity to secure an established property with an existing long-term tenant in place. Very rarely do we see investment properties like these offered for sale.

This exceptional property is fully fenced and lends itself to multiple commercial / industrial uses due to its well laid out buildings to the front of the property allowing access for heavy machinery to the laydown area at the rear where there is an abundance of space.

Property Features
• 3000m2 Industrial Lot
• 430m2(approx.) Total Building Area - High Rise Enclosed Workshop
• 1800m2 (approx.) Open Hardstand Area to rear of workshop.
• 350m2 (approx.) Open vehicular parking area front of workshop.
• Fully Fenced Yard with one crossover and entry off Shovelanna Street.
• Currently Leased to a well established tenant

Lease Details
• Net Income (approx.) $16,283.65 per month, $195,403.80 PA.
• Outgoings: Payable by the Tenant
• Lease Commenced 1st July 2020 (Initial Lease Term: 7 years)
• Lease Expiry Date: 30th June 2027
• Option(s): Two (2) x Five (5) Year Options
• Rent Reviews: Annual Increases (See Schedule 1 – Lease Details)

This type of investment property is a rare opportunity.

Contact Helen Farrell at HFN Commercial on 0417 428 667 for further information on this unique opportunity.