27 Ballantyne RoadKewdale WA 6105
Property Details for 27 Ballantyne Rd, Kewdale
Last Listing description (June 2024)
RWC WA is pleased to present 27 Ballantyne Road, Kewdale for sale via expressions of interest closing Wednesday 5 June 2024 at 5pm (unless sold prior).
The property provides a fantastic opportunity for investors to purchase a financially secure 1,419sqm* building on a prime 2,000sqm* parcel of land which is located just 10km from the Perth CBD and 4km from the domestic and international airports in the core eastern industrial corridor of Kewdale.
The property comprises an 1,419sqm* building that is apportioned into 182sqm* of office split over two levels and 1,237sqm* of warehouse. The building has modern construction consisting of concrete floors, concrete tilt panel elevations and a metal deck roof with intermittent translucent sheeting which provides an exceptional amount of natural lighting.
The warehouse provides a functional 6m* clear span area, three phase power, dual electric roller door access points and a mezzanine floor which was installed and is owned by the tenant. External to the property is 13 car bays, electric fencing surrounding the premises and an electric gated entrance.
Compared to investments that have older buildings this property is well maintained meaning there is much less capital expenditure pushed onto an owner and it also has some depreciation left for the new owner to utilise which with both of these factors will increase the net effective income.
Security and quality of a tenant is another major factor to consider when making an investment decision, they do not come much more secure than this one. The property is currently tenanted by Wesfil who are a wholly owned subsidiary of GUD Holdings Limited, an ASX Listed entity with origins dating back to 1940 and a market cap of over 1.4 billion. In addition to Wesfil, GUD has other well known brands under its banner such as Ryco, Narva, Disc Brakes Australia (DBA), Hayman Reese and many more. This tenant has been in occupation of the property since June 2020 and renewed a 4 year lease in July 2023 with a further 2 x 4 year options at a rental of $175,000pa plus outgoings and GST, increasing to approximately $182,000pa plus GST and outgoings after a CPI rent review which we expect to result in an increase of approximately 4% from 1 July 2024.
For the information memorandum, or to arrange an inspection please contact the agents:
Chris Matthews
RWC WA
M: 0413 359 315
E: chris.matthews@raywhite.com
Liam Pittaway
RWC WA
M: 0439 555 439
E: liam.pittaway@raywhite.com
*approximate
Property History for 27 Ballantyne Rd, Kewdale, WA 6105
- 21 May 2024Sold for $3,400,000
- 30 Apr 2024Listed for Sale UNDER CONTRACT
- 24 Oct 2019Listed for Rent $130,000 / year
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0About Kewdale 6105
The size of Kewdale is approximately 8.4 square kilometres. It has 14 parks covering nearly 4.9% of total area. The population of Kewdale in 2011 was 6,190 people. By 2016 the population was 6,896 showing a population growth of 11.4% in the area during that time. The predominant age group in Kewdale is 30-39 years. Households in Kewdale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kewdale work in a trades occupation. In 2011, 64.7% of the homes in Kewdale were owner-occupied compared with 62.5% in 2016.
Kewdale has 4,240 properties.
Suburb Insights for Kewdale 6105
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