INSPECTIONS: Tuesday's & Wednesday's ONLY - 12:00pm to 12:30pm ## Strictly By Appointment Only.

Price. Offers from $1,490,000.

Superb corner location sitting on a Green Title 906m2 block with terrific exposure. There is approx. 500m2 lettable area under the roof. Buyers will benefit here from the recent upgrade by the current owner. There is parking galore onsite for tenants and visitors. This property enjoys Multiple air-conditioned office space, ample storage areas combined with fitted kitchen and 3 toilets with provision for a fourth as required.

Buyers note: All Expression of Interest offers will close at 10:00am on Monday 8th April 2024. The Seller/s reserve the right to sell the property at their discretion prior to any end date to a buyer of their choice.

The property is versatile in nature, well appointed, as such has two tenants in place, one in the Fabrication business and the other in the Educational/Training sector.

Property Type: Commercial: Industrial Building
Development Zone: General Industry
Year Built: 1991 | Brick & Iron Construction

Main features of the property:

• 3.2 Tonne Overhead gantry crane.
• 15kw solar panels with 25KW inverter.
• 2 high roller doors.
• Evaporative and split system air -conditioning.
• Monitored property alarm system.
• External perimeter monitored CCTV security cameras.
• Recently painted roof with white sun reflection paint.
• Fully fenced premises.

Tenant 1:
3-year lease commenced 1 May 2023 with Expiry date 30 April 2026 with Option term period 3 Years.
Annual rent: $52,000.00 plus GST payable monthly.

Tenant 2:
3-year lease commenced 1 October 2022 with Expiry date 30 September 2025 with Option term period 3 Years.
Annual rent: $31,200.00 plus GST payable monthly.

Bayswater is one of the major Commercial/Industrial areas located 7kms Northeast of the Perth CBD. Bayswater Industrial area is located next to the Bassendean Industrial precinct and gives its occupiers excellent access to Tonkin Highway and Perth Airport.

Local Council Rates: $6,121.00 p/a (payable by Tenant)
Building Insurance: $1,491.00 p/a (payable by Tenant)
Building Fire System: $1,400.00 p/a (payable by Tenant)
Land Tax: $500.00 p/a (payable by Owner)

Private Inspections only.

Mick Lay 0434 774 9...
Tom Sideris 0403 163 167

Buyers note: All Expression of Interest offers will close at 10:00am on Monday 8th April 2024. The Seller/s reserve the right to sell the property at their discretion prior to any end date to a buyer of their choice.

Disclaimer:

Lay2 Real Estate has exercised reasonable care and skill in compiling this information on behalf of the Vendor, however Lay2 Real Estate does not make any representation or warranty about the accuracy, reliability, currency or completeness of any material contained herein. The data and information contained in this document has been provided to us by third parties, and Lay2 Real Estate has not undertaken independent enquiries to determine the accuracy of the information. Lay2 Real Estate, nor the vendor, make any representations or provide any warranties with respect to the legality of the current use of 1 James Street, Bayswater WA, compliance with any development approvals or council requirements and the holding of any relevant certificates of classifications that may or may not be required for either property and / or any improvements thereon. The reader should exercise its / their own care and judgment before relying on the information contained herein. The information is provided to assist prospective purchasers in considering the property further and is not a substitute for an independent analysis of the property by a prospective purchaser. The purchaser should conduct a thorough due diligence investigation and / or obtain independent professional advice prior to entering into any binding legal commitment in respect of the property. Lay2 Real Estate, the vendor, or any person employed or engaged by them are not liable for any loss resulting from any action taken or reliance made by the reader on any information provided herein.