Hedland First National are pleased to offer for sale 3 Manganese Street, An unmanned diesel fuel facility, positioned in the Wedgefield Industrial Estate between Port and South Hedland
Port Hedland is located approximately 1,800km north of Perth and is the largest bulk handling port in the world and a major contributor to the Western Australian and Australian economy.
The property is situated in a highly visible location on the Manganese St, just off Pinga St which is the main throughfare through the Wedgefield Industrial area.
The 3,993sqm property is currently leased to Chevron Australia Pty Ltd and offers exposure via two street frontages along Manganese Street and Pinnacles Street, both with access to major transport links.
The site has good access and egress points that includes 38.5 metres of street frontage on Manganese St and 13.7 metres on Pinnacles St. The Lot also stands to benefit from future proposed road upgrades in the area which will see a major uplift in commercial vehicle traffic around the area
A 10 year lease term with Chevron Australia Pty Ltd is in place expiring 07/12/2025 , with two additional five-year options offering annual rental increases.
Fully Leased Net Income: $184,344.12 p.a ($15,362.01p.m + GST + VO's)
Market Rent Reviews the start of each further term, CPI Reviews each anniversary of the commencing date during the term as extended or renewed as if on continuous term other than Market Review date.
Very rarely do we see investment properties like these offered for sale.
A copy of the Information Memorandum (IM) is available by contacting HFN Real Estate.
For more information on this excellent opportunity contact Helen Farrell at HFN Commercial on 0417 428 667 or by emailing hfarrell@hfn.com.au
