147 Barrington St,
Bibra Lake, WA 6163
Warehouse, Factory & Industrial
Key property information
Floor area
Property extent
Tenure type
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Map of 147 Barrington St
Prime WA Industrial Investment Opportunities
- Long WALE Investment Opportunity
- Triple-Net Lease Structure
- A-Grade Lease Covenant
Savills are pleased to present to the market for sale, two investment properties at 147 Barrington Street, Bibra Lake & 2 Thorpe Way, Kwinana Beach.
Together they offer a rare opportunity to secure to primely located industrial facilities secured by a long-term leases to MinRes Properties Pty Ltd, wholly owned and secured by Mineral Resources Limited.
Key investment highlights;
• 147 Barrington Street
- 15,605sqm* site area
- 7,390sqm* GLA
- $976,000 per annum passing net rent
• 2 Thorpe Way
- 15,087sqm* site area
- 4,234sqm* GLA
- $587,000 per annum passing net rent
• Fully leased to MinRes Properties Pty Ltd
• Leased until 31 December 2034, plus 5 year option
• 3.5% fixed annual increases
• Market review at 5th anniversary (10% cap/collar), upward only open market review at the option date
• Triple-net lease structure
*approximate
The properties are being offered individually, or combined, by way of an EOI closing 4pm 23rd October 2024.
For further information or to arrange an inspection, please contact the exclusive selling agents below.
Together they offer a rare opportunity to secure to primely located industrial facilities secured by a long-term leases to MinRes Properties Pty Ltd, wholly owned and secured by Mineral Resources Limited.
Key investment highlights;
• 147 Barrington Street
- 15,605sqm* site area
- 7,390sqm* GLA
- $976,000 per annum passing net rent
• 2 Thorpe Way
- 15,087sqm* site area
- 4,234sqm* GLA
- $587,000 per annum passing net rent
• Fully leased to MinRes Properties Pty Ltd
• Leased until 31 December 2034, plus 5 year option
• 3.5% fixed annual increases
• Market review at 5th anniversary (10% cap/collar), upward only open market review at the option date
• Triple-net lease structure
*approximate
The properties are being offered individually, or combined, by way of an EOI closing 4pm 23rd October 2024.
For further information or to arrange an inspection, please contact the exclusive selling agents below.
Bibra Lake, 6163 demographic data
The median household income for Bibra Lake is $1,825, 2% lower than Greater Perth's household income of $1,865. Bibra Lake has an older age profile compared to the rest of Greater Perth (median age 44 vs 37). Property ownership data shows 49% of property owners in Bibra Lake have a mortgage.
5,892
Population
$1,825 per week
Median household income
44 years
Median age
Owners
Most residents
Families
Most households
Savills - Perth
Level 7, Westralia Square 2, 143 St Georges TerracePERTH, WA 6000
147 Barrington St
Bibra Lake, WA 6163
Savills - PerthLevel 7, Westralia Square 2, 143 St Georges Terrace
PERTH, WA 6000
PERTH, WA 6000
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