Rare asset in the heart of Maddington

RWC WA is pleased to present 531 Bickley Road, Maddington for sale.

The property provides a fantastic opportunity for future owner occupiers, investors or developers to secure a 592sqm* building apportioned into 142sqm* of office, 150sqm* of mezzanine and 300sqm of warehouse on a prime 3,421sqm* parcel of land in the heart of Maddington.

The property is constructed of reinforced concrete floors, brick and metal cladding elevations and a metal deck roof with intermittent translucent sheeting providing good natural lighting.

The warehouse provides dual sliding door access points, a functional approximate 5.4 metre height sloping to 4.3m warehouse and 3 phase power.

External to the warehouse is approximately 2,00sqm* of available yard perfect for additional storage and sea container lay down areas.

Key features include:
• 3,421sqm* garrison fenced and secure site
• 792sqm* existing office/mezzanine/warehouse
• 142sqm office/amenties; 150sqm of mezzanine
• 300sqm* warehouse
• Approximately 2,000sqm* of available yard
• Leased until November 2026

Lease details

Rent: $86,052.30pa net + GST & Outgoings
We note that a 3% rent review increase is due 16/11/2025, which will increase the rent to $88,633.87.

Term: 3 years commencing 16/11/2020 expiring 15/11/2023 and an extension from 16/11/2023 to 15/11/2026

Options: 3 years from 16/11/2026 to 15/11/2029

Rent Reviews: Annual 3% rental increases with a market review at option

Security: $23,213.62 held in a trust account and a director's guarantee

Comments: We note a market rent review is due 16/11/2026 at the expiry of the lease term. We anticipate this rental increase to amount to $110,000pa + GST & Outgoings.

For the information memorandum, or to arrange an inspection please:

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

*Approx.

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