Fantastic opportunity for investors, developers, and patient occupiers looking to secure two adjoining properties in Armadale at a time when industrial land is hard to come by. The two properties are leased to a single tenant (separate leases) until April 2025 with no further options available.
The properties are for sale via an Expression of Interest closing 23rd November 2023 5pm AWST. Please note EOI tenders will only be accepted under the following buying formats:
• 11 Keates and 285 South Western Highway purchased together in one line
• 285 South Western Highway can be purchased on its own independent from 11 Keates
• 11 Keates is only available for purchase together with 285 South Western Highway and not independently.
PROPERTY AND LEASE OVERVIEW
11 Keates Road, Armadale
Prime development opportunity with rectangular 3,499sqm* allotment with 38m* frontage to Keates Road zoned General Industry. Currently, the site is being used as hardstand/storage.
Lease Details
• Tenant: Soft Commodity Logistics
• Net Rent: $36,400pa
• Lease Start: 18 Feb 2020
• Lease Expiry: 17 Apr 2025
• Option Term: Nil
• Outgoings: Payable by Tenant
285 South Western Highway, Armadale
Strategically positioned 7,362sqm* land holding with 1,588sqm* Workshop/Office/Showroom improvements as well as 1,000sqm* of sealed hardstand. The property offers 85m* frontage to South Western Highway providing high levels of exposure to 16,000* vehicles a day and gives you drive-through access and ingress from Keates Road to the rear.
Metal clad, clear span workshops (Combined area of 1,275sqm*)
• Workshop 1: 720sqm* - 200amps*
• Workshop 2: 555sqm* - 68amps*
• Fitted with multiple 3 phase outlets
• Both workshops have evaporative air-conditioning
• Multiple access points
Brick office/showroom (combined area of 313sqm*)
• Reception
• Boardroom
• Open plan and partitioned office areas
• Large kitchen/lunchroom
• Equipped with reverse cycle ducted air-conditioning.
• Nicely appointed modern and contemporary fitout
Lease Details
• Tenant: Soft Commodity Logistics
• Net Rent: $138,512pa
• Lease Start: 01 May 2019
• Lease Expiry: 30 Apr 2025
• Option Term: Nil
• Outgoings: Payable by Tenant
LOCATION
Located 28km* southeast of Perth's central business district, Armadale is emerging as a prime destination for commercial property investment. Its strategic location, excellent
accessibility, thriving business community, mixed-use potential, and diverse range of commercial properties make it an attractive choice for investors and developers. Armadale offers promising opportunities for commercial property ventures, providing growth potential and a supportive environment for businesses of all sizes and industries.
For further information or to arrange an inspection please contact the below agents:
Michael Danagher
RWC WA
0403 049 989
michael.danagher@raywhite.com
Lachlan Burrows
RWC WA
0499 552 296
lachlan.burrows@raywhite.com
Tom Jones
RWC WA
0478 771 117
tom.jones@raywhite.com
*approximate
