5/7 O'Malley Street Osborne Park WA 6017

RWC WA is pleased to present Units 5/7 O'Malley Street, Osborne Park. A fantastic opportunity for a buyer to secure two side by side in demand warehouses currently on a single title.

Strata lot of 828sqm, divided up by two 414sqm* brick constructed warehouses. Both warehouses currently leased separately with no further options. Available to purchase with holding income, future owner occupation or as an investment with great value add potential.

Property features include:
• Total strata area 828sqm
• Two 414sqm* side by side warehouse. Can be subdivided into two separate units
• Built circa 1976
• 4.5 - 6.3m Truss height
• Male and female toilets in each unit
• 4.5m (h) roller doors to both units
• 3 phase power available
• Development zoning

Unit 5
• Currently tenanted by Perth party hire and used as storage.
• 60sqm* internal brick office with mezzanine storage above
• Asbestos roof

Unit 6
• Currently tenanted by Wing Chun Kung Fu and used as a martial arts studio
• Small front office and change rooms
• Painted walls and flooring
• LED lights

Tenancy details:
• Unit 6: Leased until 31/12/2024. Passing Rent: $38,400pa + Outgoings + GST
• Unit 5: Leased until 31/01/2026. Passing Rent: $42,158.52pa + Outgoings + GST (market review Feb 2025)
• Potential market net rental - $120,000pa combined

This property represents a fantastic investment opportunity with existing tenancy agreements in place, providing immediate rental income. Ideal for investors or owner-occupiers looking to establish themselves in a prime industrial location.

Price guide: Offers Invited

Estimated Outgoings (tenant recoverable):
• Council rates - $6,522pa
• Water rates - $3,477pa
• Strata rates - $6,527pa
• Land tax - $2,310pa

For more information or to arrange an inspection please contact the agents:

Lachlan Burrows
0499 552 296
lachlan.burrows@raywhite.com

Tom Jones
0478 771 117
tom.jones@raywhite.com

*Approx