7 Thorpe Way

Kwinana Beach WA 6167

This exceptional industrial property comprises two separate mirrored tenancies on 4,181sqm of land in the centre of the Kwinana Beach industrial precinct. The property boasts an array of high-quality features designed to maximize efficiency and productivity. Strategically located in the heart of Lithium Valley, in close proximity to transport routes linking this dynamic and emerging area to Fremantle and to the Kwinana Freeway, the property's excellent infrastructure and advantageous location has ensured that it has been leased continually to high-quality tenants since its construction in 2008. It is an extraordinary industrial asset that presents an investor with an opportunity to gain significant future growth in yield and capital value as the popularity of the area in which it is located and the rents it generates continue to improve. The opportunity to achieve a significant increase in rental income can be expected to arise in January 2026 when the applicable rent will be subject to a Market Review. Property Highlights:- Land - 4,181/sqm- Improvements 2,750/sqm- Two Mirrored Tenancies (each 1,375/sqm)- Hardstand - 1,431/sqm- Two substantial high truss, tilt panel workshops- Truss height (8m*)- Well-appointed, two storey offices (with air conditioning)- Excellent, modern amenities- Built 2008- 400 AMPS of Power (Reticulated on each side)- 30 KW Solar- 1,000 AMPS available to the property- 28 Car Bays (Including two bays for ACROD drivers)- Modern 5T and 10T Gantry Cranes in each tenancy.- Proximity to the Kwinana Freeway, Fremantle Port and other transport routes, streamlining transportation of goods and materials.Lease Information:(1) Lessee - Tenant (1)I. New Term - Commencement Date - 1st July 2023II. Term - 5 Years III. Net Rent - $145,000 + Outgoings + GSTIV. Tenant has been in occupation of the property for 2 years before exercising an option to extend for a five year termV. Options: NIL(2) Lessee - Tenant (2)I. New Term - Commencement Date - 1st July 2023II. Term - 5 Years III. Net Rent - $145,000 + Outgoings + GSTIV. Tenant has been in occupation of the property for 5+ Years.V. Options: 5 YearsNB:(1) Market Review: 30 Months (Early 2026)(2) Ratchet Clauses in both leases.(3) A simple system for the management of these tenancies has been developed and is applied by the current owner of this property, the low cost of which is borne by the owner. Don't miss the chance to invest in a property that guarantees consistent rental income due to its prime location and modern features and design. This industrial gem offers the perfect blend of functionality, convenience, and reliability that discerning commercial investors seek. For further details or to arrange an inspection please contact:Michael DanagherRay White Commercial (WA)Mobile: 0403 049 989 Email: michael.danagher@raywhite.comTom JonesRay White Commercial (WA)Mobile: 0478 771 117 Email: tom.jones@raywhite.com