Axia Corporate Property together with Prime Property Agency are pleased to present Unit 1 (Lot 1), 37 Sarich Court, Osborne Park for sale, via “Offers Invited”.

The arrival of property to the market, provides a superb opportunity for investors and or owner occupiers, to acquire street fronting commercial accommodation, to suit a variety of uses, within Western Australia's premier commercial /industrial area, of Osborne Park.

The property forms 1 portion of a 2 strata lot, street fronting complex. The minimal lots, provide for very manageable and cost-effective outgoings and efficient and minimal administration.

Investment Highlights:
• Area: 538 m2*
• One of only 2 strata lots – no strata levies or external management
• Prominent street front positioning
• Presentable & versatile improvements comprising clear span warehouse, office and amenities
• Short term income with ability to potentially self-occupy
• Excellent proximity to major transport networks
• Tightly held and highly sought-after precinct
• Zoned “Development” within the Stirling City Structure Plan Area allowing for a variety of potential uses^

The improvements where constructed circa 1980’s in a combination of brick elevations and metal cladding to the front façade, concrete tilt panels to perimeter elevations, concrete flooring and a insulated fibro sheeted roof. The roofing incorporates skylight sheeting, providing additional natural light to the warehouse component of the property. The warehouse is of clear span configuration with generous truss height, providing a functional floorplate

The warehouse is complemented by an office component and display area incorporating a front reception area, walk-in kitchen, both male & female amenities. The office is air-conditioned and has direct access to the warehouse.

The current occupier is a high-end mechanical services provider and the whilst the property’s attributes are complementary to such a use, they will also benefit a variety of alternative occupiers.

Occupiers to the property are afforded common parking located directly in front of the Unit.

Overall, the unit has been attentively maintained and presents well.

Location
Located approximately 9kms northwest of the Perth Central Business District, the property is strategically positioned to afford occupiers with outstanding connectivity to major transport throughfares such as Stephenson Avenue, Mitchell Freeway/ Hutton St north and south ramps, King Edward Road and numerous others.

Zoning
The City of Stirling advises that the property is currently zoned “Development” under the Local Planning Scheme No. 3 and falls within the Herdsman Glendalough Structure Plan further zoned as “Business” within the Structure Plan. Proponents must make their own enquiries with relevant authorities as to permitted uses and zoning confirmation.

Outgoings (FY 21/22)
Council Rates: $4,069.28* p.a.
Land Tax: $1,891.50* p.a.
Water Corporation Rates including Fire Services : $627* p.a.
Building Insurance: $3,901.95* p.a. (specific to Unit 1)

Tenancy Details
Leased to 23rd February 2023
Rental income: $53,908* p.a. Plus Outgoings & GST
Lessor incurs property management fees.


For further information and/or to arrange an inspection, please contact the joint exclusive selling agents.

*Approximately.

^Proponents to make their own enquiries with the appropriate planning and statutory authorities regarding the current zoning and structure plan.