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Own Occupy & Prosper – Two Adjoining Showroom / Warehouse

Active
  • Versatile, Functional & Presentable
    Buy One, Buy Both
    Holding Income

Axia Corporate Property, together with Prime Property Agency are pleased to present Unit 1 (Lot 5) and Unit 2 (Lot 6), 7 O’Malley Street, Osborne Park ‘For Sale’ by Private Treaty.

The arrival of the property to the market, provides a superb opportunity for investors and / or owner occupiers, to procure very affordable, well presented and versatile commercial accommodation, within the heart of arguably, Western Australia’s Premier industrial / commercial precinct, some 7kms from Perth CBD.

More specifically, on offer, are two (2) street fronting, adjoining showroom / warehouses, each comprising an approximately area of 421sqm*. Proponents have the opportunity to purchase either one or both of the units.

Investment Highlights

• Very desirable and flexible zoning.
• Street fronting position – excellent exposure and signage.
• Well maintained and presentable improvements.
• Highly sought-after showroom / warehouse combination.
• Ability to partially occupy and retain tenancy (Unit 2), if both units are acquired.
• Excellent proximity to major transport networks.
• Holding income via monthly tenancy (Unit 2).
• Very tightly held commercial precinct.
• Generous on-site common parking allocation.
• Extensive street frontage upon purchase of both units, with each unit having a frontage of 16.5metres*.

Both units are constructed of brick elevations, with fibro sheet roofing, twin glazed shopfronts, concrete flooring to warehouse and a combination of wooden and carpeted floor coverings, to showroom component. Reverse cycle ducted air conditioning is afforded to the showroom / office component of both units with Unit 1 also having evaporative air conditioning to the warehouse component. The warehouse component of each unit has a truss height spanning 4.7metres* to 6.4metres*. Both units are fully self-contained, with both male and female amenities, have 3 phase power and street fronting roller doors for ease of container drop off.

Services to the property include water connection, sewerage connection, electricity and NBN.

Zoning

The City of Stirling advises that the property is currently zoned “Development” and falls within the Herdsman Glendalough Structure Plan and further zoned as Business within the Structure Plan.

All proponents must complete their own enquiries with the appropriate Planning and Statutory Authorities.

The following link provides specific information on the Structure Plan:

http://www.stirling.wa.gov.au/your-city/documents-and-publications/your-city/your-say/structure-plan-resolved-by-council-for-readvertisi

Outgoings 2021- 2022 (per Unit)

Water Corporation – $1,956.00* pa
Council Rates – $3,307.00* pa
Strata Levies – $385.00* per qtr
Building Insurance (not included in strata levies) – $3,307.00* pa

Tenancy Details

Unit 1 is currently leased on a periodic basis and will be sold with vacant possession.

Unit 2 has been leased to the same tenant for over (10) years and continues to lease the premises by way of a monthly tenancy at a passing rental of $54,000* pa ($4,500* pcm) plus GST and outgoings. The tenant has advised they are amicable to enter into a new fixed term Lease. Vacant possession can also be provided, should a Buyer require same.

For further information, please contact selling agent Franco Gangemi on 0418 930 504.

*approximately

 

Price:$979,000 each, plus GST
Address:Unit 1 & 2, 7 O'Malley Street
City:Osborne Park
State:WA
ZIP:6017
Square Feet:421sqm each
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