12 Stewart Road,
Narrogin, WA 6312
$375,000 excluding GST
Key property information
Tenanted Investment Details
Map of 12 Stewart Road
Almost 7% Return from Industrial Building with Interstate Tenant
- 556 sq m building with 3 separate bays
- High clearance sliding access doors
- Natural lighting in workshop
The approximately 556 square metre building features 3 separate bays, each with high clearance sliding access doors. Construction is from steel columns and trusses clad with steel sheeting clip lock roof with translucent sheeting inserts providing natural lighting in the workshop.
There is heavy duty reinforced concrete floor throughout with waste grates for easy cleaning. Three phase power is connected to multiple outlets throughout the building together with several scheme taps and troughs.
The main office/reception area is of brick construction and includes store room, lunchroom, kitchenette, toilet and shower, all immediately adjacent to the main workshop area. There is also an expansive load bearing mezzanine area, providing extra storage situated directly above the main office block.
The site is easily accessed via Stewart Road, providing heavy vehicles extensive, level maneuvering area to load or unload trucks or heavy equipment. Additional hardstand areas provide for stillage, storage, trailer truck parking or servicing of vehicles.
The property has been leased for three years with an option to renew for a further three. Annual rent is $25,000 plus outgoings plus GST and rent reviews of 3% are built into the lease. A bank guarantee for three month's rent is provided by the Lessee
In the current market this low maintenance, excellent condition property represents excellent return on capital at $375,000.
Property ID: 503732862Last Updated: 11 Jan 2021
$1,095,000 GST as a Going Concern13 Helmshore Way,Port Kennedy, WA 6172
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Contact Agent25 Carmella St,Jurien Bay, WA 6516