Raine & Horne Commercial is pleased to present this unique opportunity to acquire a piece of prime real estate located in an established industrial area offering flexible development and investment options to investors and occupiers alike.
Occupy / Develop / Refurbish on the front row of the Kelmscott Industrial Area.
Property Features:
• Land Area: 6,237 sqm
• Factory / Build Area: 1,326 sqm (across 6 tenancies)
• Lot Frontage: 66m
• Lot Depth: 94m
• Income: All 6 factory units are fully leased and collectively produce over $127,000 per annum in Gross Income. Existing leases all expire in May 2025 allowing vacant possession.
Generate holding income while decisions are made for the site's future.
Property Description:
The property comprises of a generally level 6,237sqm regular shaped lot which fronts Champion Drive.
The front portion of the property (approx. 3,260sqm) is zoned 'Industrial Business' while the rear portion of the property (approx. 2,977sqm) is zoned "General Industry'. This zoning combination allows for a wide range of industrial aligned uses.
The property's improvements consist of 6 brick and iron factory units which were built in circa 1988 and total approximately 1,326sqm of lettable area.
Location summary:
The subject property is located within the secondary industrial precinct of Kelmscott positioned 25 kilometres south-east of the Perth CBD and some 2 kilometres north of the Armadale Town Centre.
The property is only a 22-minute drive to Welshpool / Kewdale and is easily accessed via nearby major arterial roads including Tonkin Highway, Ranford Road, Armadale Road and Albany Highway.
Sale Process:
95 Champion Drive, Kelmscott is being offered for sale via "Offers Invited" with all offers presented to the seller by 4pm (AWST) on 9th October 2024.
For further information, please contact the exclusive selling agents Jack Divitini or Scott Waddell.
