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Investment with Development Potential
Secure investment opportunities, with strong underlying land value and future redevelopment or subdivision potential have been scarce in the WA industrial sector in 2018. This exciting sale opportunity allows the industrial investment market the opportunity to reap the rewards of a strong cash flow, whilst planning for the future development or subdivision or the future on a significant land parcel in the heart of Malaga, WA.
With the NorthLink WA project shifting heavy vehicle traffic from Great Northern Highway and past the industrial suburb of Malaga and onwards to Welshpool and Kewdale, the area is set to become more appealing to logistic and transport requirements, making 38 Crocker Drive a functional facility in its current layout, or the ideal platform for a future DC development.
Key attributes include:
• 100% leased to Quality Bakers Pty Ltd, a Goodman Fielder company
• Net income $1,185,608 p.a. + GST
• Leased until July 2021
• Triple Net Lease
• Land area: 2.2131 hectares
• Improvements: 12,243sqm
• 3 street frontage – Crocker Dr, Arvida St & Hunt St
• Rare, food grade production compliant facility
• Future subdivision potential (STCA)
For Sale by Private Treaty
For further details or to arrange an inspection, please contact one of the exclusive selling agents.
Secure investment opportunities, with strong underlying land value and future redevelopment or subdivision potential have been ...
12 Dec 2018
2.21ha (5.47acres) (approx.)