Leased Investment - Strategic Long Term Hold

SOLD

5 - 7 Katanning Street

Bayswater WA 6053

Industrial

FOR SALE

2012m2

- Solid lease to international tyre distributor
- Improvements: 2,012sqm
- Land: 3,926sqm
- 6 + 6 year lease until Feb 2025
- Current rent $300,000 pa net
- Secured by $90,000 Bank Guarantee
- Located within Ashfield Precinct Plan
- Refurbished offices

Location
Situated just in from the truncation of Guildford Road and Katanning Street, Bayswater. The subject site is approximately
9km to the Perth CBD and just 5km to the airport. Nearby industrial areas include Bassendean, Malaga, Belmont,
Kewdale and Welshpool.
The area is earmarked for as having the potential to be a significant activity centre, based upon:
- Location within the middle ring of Perth;
- Halfway along Perth – Midland rail line;
- Adjacent to regional highway services
- Significant amounts of strategically located industrial land

The City of Bayswater, along with the Town of Bassendean and the WA Planning Commission have endorsed the Ashfield Precinct Plan which will eventually see the relocation of the Ashfield train station closer to the subject property and potential conversion of the surrounding industrial area to mixed use residential.

A copy of the Ashfield precinct Plan can be found annexed to this document or at www.planning.wa.gov.au/publications/735.asp.

Please contact the selling agents for a copy of the Information Memorandum.

For further information please contact:

Ben Flanagan
0405 929 167
bflanagan@burgessrawson.com.au