147 Barrington St Bibra Lake WA 6163

Savills are pleased to present to the market for sale, two investment properties at 147 Barrington Street, Bibra Lake & 2 Thorpe Way, Kwinana Beach.

Together they offer a rare opportunity to secure to primely located industrial facilities secured by a long-term leases to MinRes Properties Pty Ltd, wholly owned and secured by Mineral Resources Limited.

Key investment highlights;

147 Barrington Street
- 15,605sqm* site area
- 7,390sqm* GLA
- $976,000 per annum passing net rent

2 Thorpe Way
- 15,087sqm* site area
- 4,234sqm* GLA
- $587,000 per annum passing net rent

Fully leased to MinRes Properties Pty Ltd
Leased until 31 December 2034, plus 5 year option
3.5% fixed annual increases
Market review at 5th anniversary (10% cap/collar), upward only open market review at the option date
Triple-net lease structure

*approximate

The properties are being offered individually, or combined, by way of an EOI closing 4pm 23rd October 2024.

For further information or to arrange an inspection, please contact the exclusive selling agents below.