High Yielding Investment

- New 2 year lease term to December 2018. - Current rent $180,000 pa net. - Rent paid 3 months in advance. - Improvements 565sqm* workshop, 160sqm* offices. - Land area 3,086sqm. - Corner location. - Securely leased. - Priced under replacement cost. Introduction Burgess Rawson are pleased to offer for sale by Private Treaty the opportunity to purchase a high yielding, fully leased industrial facility in the established mining town of Newman. Location Newman is a mining town located in the Pilbara region of Western Australia, approximately 1,186 kilometres north of Perth and approximately 9 kilometres north of the Tropic of Capricorn. Newman is a well established mining town with shops, hotels, bars and restaurants. Legal Description Lot 14 on Plan 56657 Certificate of Title Volume 2678 Folio 604. Improvements The property comprises a substantial workshop with internal offices. The building is constructed of 10 inch concrete floors, steel framing and metal clad sheeting to the roof and walls and has an approximate area of 565sqm and a height of 8 metres to the eaves. A two level office of approximately 160sqm and a crib room are located within the workshop area. Other features include a vehicle inspection pit, washdown bay and the property is fully fenced. Land Area 3,086sqm Zoning The Shire of East Pilbara advise that the property is zoned Industrial Tenancy Details New 2 year lease to December 2018 plus options at a current net rent of $180,000 pa. Asking Price $1,850,000 (GST Going Concern). Goods and Services Tax The sellers are registered for GST and the property will be sold as a Going Concern. Featured Details Current Tenant Tenanted Gross Building Area 725 sqm Land Size 3,086 sqm

High Yielding Investment

Location: 225 St Georges Terrace, Perth WA 6000, Australia

Contact No. ******0288 View

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