DFR Commercial are pleased to present to the market this Leased Investment with so much potential as the site is underdeveloped and prime for redevelopment down the track. Currently the site has six separate tenancies with a net annual rental return of $88,479.16.
The property is well suited for its current use with three separated yards consisting of hardstand, two small workshops and an office. The property has access from Dalloway Road.
There are six leases in place, five of which are on the hardstand component and are only for general storage purposes with all agreements current.
The block is an L shaped lot with a total land area of 3,003m2 and a good frontage to Dalloway Road being fully serviced by sewerage, power and water.
The subject property is located south of the Perth Metropolitan area 60.5 kilometers south of Perth's CBD, 21.7 kilometres north of Mandurah, 12.1 kilometres west of Baldivis and 11.2 kilometers south of Rockingham town center.
These properties are becoming increasingly hard to acquire and this property has the added advantage of having leases in place with a steady income and good redevelopment potential in the future.
Features Include:
- Brand-new 198m2 steel-clad workshop
- Modern demountable office of 24m2
- Older style steel-clad 120m2 workshop
- Loads of quality hardstand
- Fully fenced and secure site
- Dual crossovers to property
Approximate annual outgoings: Council rates $3,088.88, water rates $931.00, insurance $1,227.86 and land tax $1,269.17. Total: $6,516.91
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