7/5 Milford Street

East Victoria Park WA 6101

Ron Farris Real Estate as exclusive agents are pleased to present to the market for sale unit 7, 5 Milford Street, East Victoria Park.Opportunities to secure a desirable, well designed, centrally located industrial property within Perth's suburb of East Victoria Park are always limited in any phase of the property cycle.PROPERTY HIGHLIGHTS- Total strata area of 287 m2* across ground and first floors.- Quality clear span concrete tilt panel construction with electric roller door and multiple pedestrian access doors. Ground to first floor external windows, roof skylights plus well designed first floor area featuring an abundance of glass supporting natural light ingress. - Ground floor area of 242 m2* comprises a warehouse, kitchenette, two toilets with one featuring a shower. Quality ceiling paneling inclusive of lighting underneath first floor. First-floor area of 45 m2* is open plan in nature comprising suspended ceiling with lighting and abundant use of glass allowing a viewing platform across the warehouse. - High Truss warehouse, various height measurements taken range from 6.7 to 7.2 metres*.- Passing net income $31,827 pa plus GST plus outgoings plus GST payable by Tenant (as per lease).- Rental review due on the 1st April 2024 to an increase of 4% and market value WHICHEVER IS THE GREATER. - Current lease in place via Deed of Extension for a 3-year term commenced on the 1st April 2023 and ending on the 31st March 2026.- Centrally located within the busy Shepperton Precinct in the overarching Welshpool Precinct within the Town of Victoria Park. Location offers great connectivity to Welshpool Rd, Albany, Leach, Roe and Tonkin Highways.- Local area generally comprises small scale light industry, showrooms and warehouses servicing nearby consumers and the broader Perth region.- Only 3 strata lots on the strata plan inclusive of Tenants being Advanced Martial Arts & Fitness, Boxing For Fitness, Celtic Academy Irish Dance and WAALITJ Foundation.- Zoned Industrial (1) under the Town of Victoria Park LPS No.1 being very accommodative in nature and suitable for many use types.Will suit the astute investor seeking to add a rarely available industrial property to their portfolio or alternatively wait out the lease and owner occupy.For further information, please contact the exclusive listing agent via the details below.* Approximate Measurements Only.