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12 Stewart Road Narrogin, WA 6312

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12 Stewart Road,
Narrogin, WA 6312

Warehouse, Factory & Industrial

Price information

Sale

$375,000 excluding GST

Key property information

Land area

Floor area

Property extent

Municipality

Tenure type

Return

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$25,000
Number of Tenants
1 Tenant

Private inspections

to arrange a private inspection.

Map of 12 Stewart Road

Directions

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
Available for purchase now is this industrial building with an office/reception, store room, lunchroom, kitchenette and shower facilities, all situated on 8,209 square metre block with large gravel hardstand area located in the main industrial area of Narrogin, a healthy service town in Western Australia's wheatbelt region.
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

0427 *** ***
realcommercial.com.au logo
12 Stewart Road
Narrogin, WA 6312

Agency contacts

Elders - Southern Districts Estate Agency

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Jeff Douglas
Elders - Southern Districts Estate Agency
12 Stewart Road Narrogin, WA 6312

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  • Jeff Douglas

    Elders - Southern Districts Estate Agency
    0427 *** ***