Sold
27 Ballantyne Road,
Kewdale 6105, Western Australia
$3,400,000
Property details
-
Agents
Set and Forget Industrial Investment in Core Eastern Corridor
RWC WA is pleased to present 27 Ballantyne Road, Kewdale for sale via expressions of interest closing Wednesday 5 June 2024 at 5pm (unless sold prior).
The property provides a fantastic opportunity for investors to purchase a financially secure 1,419sqm* building on a prime 2,000sqm* parcel of land which is located just 10km from the Perth CBD and 4km from the domestic and international airports in the core eastern industrial corridor of Kewdale.
The property comprises an 1,419sqm* building that is apportioned into 182sqm* of office split over two levels and 1,237sqm* of warehouse. The building has modern construction consisting of concrete floors, concrete tilt panel elevations and a metal deck roof with intermittent translucent sheeting which provides an exceptional amount of natural lighting.
The warehouse provides a functional 6m* clear span area, three phase power, dual electric roller door access points and a mezzanine floor which was installed and is owned by the tenant. External to the property is 13 car bays, electric fencing surrounding the premises and an electric gated entrance.
Compared to investments that have older buildings this property is well maintained meaning there is much less capital expenditure pushed onto an owner and it also has some depreciation left for the new owner to utilise which with both of these factors will increase the net effective income.
Security and quality of a tenant is another major factor to consider when making an investment decision, they do not come much more secure than this one. The property is currently tenanted by Wesfil who are a wholly owned subsidiary of GUD Holdings Limited, an ASX Listed entity with origins dating back to 1940 and a market cap of over 1.4 billion. In addition to Wesfil, GUD has other well known brands under its banner such as Ryco, Narva, Disc Brakes Australia (DBA), Hayman Reese and many more. This tenant has been in occupation of the property since June 2020 and renewed a 4 year lease in July 2023 with a further 2 x 4 year options at a rental of $175,000pa plus outgoings and GST, increasing to approximately $182,000pa plus GST and outgoings after a CPI rent review which we expect to result in an increase of approximately 4% from 1 July 2024.
For the information memorandum, or to arrange an inspection please contact the agents:
Chris Matthews
RWC WA
M: 0413 359 315
E: chris.matthews@raywhite.com
Liam Pittaway
RWC WA
M: 0439 555 439
E: liam.pittaway@raywhite.com
*approximate
The property provides a fantastic opportunity for investors to purchase a financially secure 1,419sqm* building on a prime 2,000sqm* parcel of land which is located just 10km from the Perth CBD and 4km from the domestic and international airports in the core eastern industrial corridor of Kewdale.
The property comprises an 1,419sqm* building that is apportioned into 182sqm* of office split over two levels and 1,237sqm* of warehouse. The building has modern construction consisting of concrete floors, concrete tilt panel elevations and a metal deck roof with intermittent translucent sheeting which provides an exceptional amount of natural lighting.
The warehouse provides a functional 6m* clear span area, three phase power, dual electric roller door access points and a mezzanine floor which was installed and is owned by the tenant. External to the property is 13 car bays, electric fencing surrounding the premises and an electric gated entrance.
Compared to investments that have older buildings this property is well maintained meaning there is much less capital expenditure pushed onto an owner and it also has some depreciation left for the new owner to utilise which with both of these factors will increase the net effective income.
Security and quality of a tenant is another major factor to consider when making an investment decision, they do not come much more secure than this one. The property is currently tenanted by Wesfil who are a wholly owned subsidiary of GUD Holdings Limited, an ASX Listed entity with origins dating back to 1940 and a market cap of over 1.4 billion. In addition to Wesfil, GUD has other well known brands under its banner such as Ryco, Narva, Disc Brakes Australia (DBA), Hayman Reese and many more. This tenant has been in occupation of the property since June 2020 and renewed a 4 year lease in July 2023 with a further 2 x 4 year options at a rental of $175,000pa plus outgoings and GST, increasing to approximately $182,000pa plus GST and outgoings after a CPI rent review which we expect to result in an increase of approximately 4% from 1 July 2024.
For the information memorandum, or to arrange an inspection please contact the agents:
Chris Matthews
RWC WA
M: 0413 359 315
E: chris.matthews@raywhite.com
Liam Pittaway
RWC WA
M: 0439 555 439
E: liam.pittaway@raywhite.com
*approximate
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Chris Matthews
27 Ballantyne Road, Kewdale WA 6105
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Chris Matthews
27 Ballantyne Road, Kewdale WA 6105