Leased Investment to ASX Listed Company

1 baroy street, falcon

Price: Offers Invited

Property Details

- Leased to Reece Plumbing Centre to 2021 plus 2 x 5yr options.
- Reece is a nation wide ASX listed company retail plumbing and bathroom products.
- Superbly located in a high exposure location in one of WA’s fastest growing regions.
- Modern building completed in 2011 with substantial tax benefits.
- Easily managed investment with outgoings recoverable by Reeces.
- Land area: 1,120sqm
- Current net income $99,952* pa + GST

Introduction
Burgess Rawson is pleased to offer for sale a rare opportunity to purchase a leased commercial investment property to a publicly listed A grade tenant in one of Perths fastest growing regions.

Location
Situated in Falcon, a southern suburb of Mandurah in a high profile location with excellent exposure to Old Coast Road.

Improvements
The property consists of a modern, freestanding concrete tilt panel constructed building with an approx building area of 496sqm. There are 11 on site car bays.

Tenant Profile
Reece is an ASX listed company that has traded since 1919 and has grown to become Australia’s most successful plumbing and bathroom product retailers with over 450 stores and 4,000 staff across Australia.

Title Details
Lot 883 on Diagram 25499 Certificate of Title Volume 1367 Folio 883

Land Details
Land Area 1,120sqm*
Frontage to Baroy Street 19.88 metres*
Frontage to Cobblers St 27.26 metres*
Corner truncation 8.53 metres*

Zoning
The “City of Mandurah” advise that the property is zoned ‘Commercial’.

Lease Details
The property is fully leased with net income of approx $99,952* pa. Please refer to selling agents for further information and a copy of the lease document.

Goods and Services Tax
The property is sold as a ‘Going Concern’.

Asking Price
Offers Invited

Goods and Service Tax
The property is sold as “Going Concern”

*Approx

For further information please contact the agent.

Featured Details

Gross Building Area 476 sqm
Land Size 1,120 sqm
Rent Period Annually

Property Enquiry

Thank you for showing interest in us.

Contact Details

Office Details

Level 10, 225 St Georges Terrace Perth WA 6000

T 08 9288 0288 E perth@burgessrawson.com.au

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