20 Baling St COCKBURN CENTRAL, WA 6164

Sold
Sold
Property Details

20 Baling St COCKBURN CENTRAL, WA 6164

Sold
Industrial/Warehouse
Description

SOLD - BY DAVID LIGHTFOOT

Industrial/Warehouse Sold - COCKBURN CENTRAL WA

David Lightfoot is proud to offer to the market this outstanding Leased Investment opportunity suited to Self Managed Super Funds (SMSF) and Property Investment buyers being a tenanted and well located modern industrial property offering an initial Passing Yield of 7%* pa.

Property Details:
– 2,250* sqm land area
– 1,105* sqm warehouse and loading dock area (ground floor)
– 99* sqm reception and amenities area (ground floor)
– 217* sqm office and amenities area (first floor)
– 284* sqm mezzanine area (first floor)

Key Features:
The building features a tiled reception area, high-truss warehouse, loading dock, factory lunch room and male/female amenities including showers on the ground floor plus a modern open plan office, boardroom and office lunch room on first floor. Other notable features include:
– High quality fitout through-out
– Premium data, telecommunications and security
– 7.1m* to 8m* warehouse truss height
– 5 powered roller doors being 3.5m* w x 5m* h
– 3 phase power
– Raised ground floor level providing direct loading bay accesses
– Dual driveway access
– 18 car bays plus paved verge parking area
– Security fencing with powered gates

Location:
The property is well located in the Cockburn Central industrial estate being surrounded by modern tilt-up industrial units and just 2.4km* to the Kwinana Freeway on/off ramps, train station plus Cockburn Gateway Shopping City and 22km* and the Fremantle Ports container terminals or the Perth CBD.

Zoning:
The City of Cockburn advise the land is zoned ‘Mixed Business’ under the TPS3 and ‘Industry’ under the MRS, being suitable for a wide range of commercial and industrial uses.

Lease Details:
– Initial Term: 7 years commenced 1 May 2015
– Option Terms: 3 options of 5 years each
– Current Net Rent: $175,000 pa
– Rent Reviews: market rent 1 May 2017 then greater of CPI or 4% pa fixed annually each year after
– Outgoings: paid by tenant
– Initial Passing Yield: 7%* pa

For more information or to view the property please contact:
David Lightfoot
0499 888 123

David Lightfoot specialises in Commercial & Industrial Property providing services in Sales & Leasing, Property Management and Finance.

Licensee: Josio Pty Ltd (Licence No: 71266) t/as Sovereign Property Solutions (ABN 28 606 121 644) of 131 Scarborough Beach Road, Mt Hawthorn, WA 6016, Ph: (08) 9444 6706

*Approximate

Property Features
  • Industrial/Warehouse
  • Floor Area is 1705 m²
  • 18 Car Spaces
Commercial Features
Zone

Mixed Business