Strategically located in proximity to the Mitchell Freeway and Tonkin Highway thoroughfares, this substantial modern industrial facility ticks all the boxes for both the most discerning owner occupier and property investor seeking a secure income stream and solid lease covenant in a pre-eminent suburban commercial community.
Currently leased to Exclusive Tyre Distributors Pty Ltd (a subsidary of ASX listed National Tyre & Wheel) and Nickal Pty Ltd, the offering benefits from a long-term tenure together with programmed annual rental growth.
26 Callaway Street properties provides a unique blend of the most sought-after key industrial attributes in a functional floor-plate layout, substantial landholding, excellent access and egress by virtue of its 2 street frontages in addition to its strategic location.
– Sizeable land area of 1.123 ha* featuring extensive frontages to:
Callaway Street – 103.66m
Distinction Road – 100.18m
Total Building Area – 7,148m²*
– Modern, high quality industrial facility incorporating a functional design
– Flexible zoning allowing for a broad variety of use
– Well established and highly regarded industrial precinct
– Generous car parking allocation of 135 bays representing on bay per 53m² of NLA
– Current net income stream of $732,996 p.a.*
– Proximity to major transport networks
– Potential to owner occupy
– Multiple tenancy options
Constructed circa 2012, 26 Callaway Street, Wangara conmprises a substantial office/warehouse complex constructed of concrete tilt panel walls and with metal clading to external elevations, concrete flooring and metal deck roofing.
Typical finishes are afforded to each of the office components including a combination of carpeted and tiled flooring, plasterboard ceilings and gyprock and glazed partitioning throughout. Each of the offices has numerous ablutions including disabled compliant and designated kitchens and breakout areas.
Each unit further benefits from reverse cycle ducted air-conditioning and excellent natural light filtration.
The warehouse accommodation is predominantly of clear span configuration, with truss height ranging from 7 metres* to 9 metres*. There are numerous automated roller doors of circa 6 metres* wide and 6 metres* high and LED high bay lighting is afforded to each of the warehouses. Warehouse flooring is sealed.
Additional attributes to the complex include; and abundance of power inc 3 phase, extensive fire services inc fire sprinklers, fire hydrant booster facilities and numerous fire fighting equipment. A security alarm system is in place which incorporates heat and movement sensors and CCTV surveillance.
Overall the property’s configuration provides very functional/commercial accommodation with effortless adaptability to support a variety of potential uses.
SPECIFIC BUILDING AREAS
Unit 1 – Office (over 2 levels) – 484m2*
Unit 1 – Warehouse – 3,373m2*
Unit 2 – Office (over 2 levels) – 503m2*
Unit 2 – Warehouse – 2,788m2*
Total Net Lettable Area – 7,148m2*
The improvements are complimented by a large open onsite bitumen paved carpark, flood lighting and reticulated landscaping.
No expense has been spared in providing the highest quality of industrial accommodation, with the property having been impeccably maintained, all contributing to the property’s superb presentation.
The subject property is strategically located within the established Wangara industrial area positioned approximately 20 kilometres north east of the Perth Central Business District.
More specifically, the property is located in proximity to the major thoroughfares of Mitchell Freeway, Tonkin Highway and Wanneroo Road.
Wangara is located in Perth’s northern industrial corridor, an established precinct, benefiting from superb locational attributes and proximity to the major transport networks, which accommodates wide and varied industrial uses.
Wangara, together with the neighbouring suburb of Landsdale forms the nucleus of Perth’s Northern Industrial precinct.
Surrounding properties typically comprise a mixture of manufacturing, office/warehouse and showroom as industrial uses. Located close by are established warehouses and workshops with associated office facilities and hardstand areas.
The site is afforded excellent access by virtue of its extensive two street frontages and major road linkages including Ocean Reef Road in turn interlinking with Mitchell Freeway, Tonkin Highway and Wanneroo Road.
The general northern industrial corridor has undergone somewhat of a renaissance in recent times as evidenced by the Landsdale Industrial Estate which is achieving record land prices for smaller lots fueled by unprecedented demand from predominately owner occupiers.
The property is zoned ‘General Industrial’ under the City of Wanneroo District Planning Scheme No. 2.
This zoning allows for a broad multitude of general industrial uses.
All proponents must complete their own planning enquiries with the relevant authorities.
Tenancy 1 – Exclusive Tyre Distributors Pty Ltd
Area – 6,664m2*
Commencement Date- October 2013
Lease Expiry – 1 October 2023
Current Net Rental – $685,080 p.a.
Tenancy 2 – Nickal Pty Ltd
Area – 484m2*
Commencement Date – February 2021
Term – 3 years
Lease Expiry – 31 January 2024
Option – 3 years
Current Net Rental – $47,916 p.a.
Total Current Passing Net Rental- $732,996 p.a.*
STATUTORY OUTGOINGS 2022/2023
City of Wanneroo Council Rates $5,534.00*
Water Corporation Water Rates $6,883.00*
Office of State Revenue Land Tax^ $26,337.00*
For more information, please contact Wayne Mitsikas on 0413 599 655 or Franco Gangemi on 0418 930 504.