De Freitas and Ryan are please to present to the market this Outstanding Leased Investment, 22 Burlington Street Naval Base. The property is currently leased to Electrical Distributors of WA Pty Ltd at $64,425.24p/a + GST + O/G's, the current tenants have occupied the property since August 1997 and have 2 years remaining on the current 3-year term expiring 31/12/18 with two further 3-year terms.
Electrical Distributors are currently present in 44 Countries and on 5 continents, they receive over 1,000,000 orders per day and they also employ over 44,000 people worldwide.
The property is positioned on the coastal side of Naval Base opposite the newly built BP Petrol Station with great access off Rockingham Road and Anketell Road which has direct access to the Kwinana FWY.
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The size of Naval Base is approximately 5.1 square kilometres. It has 5 parks covering nearly 23.2% of total area. The population of Naval Base in 2011 was 12 people. By 2016 the population was 20 showing a population growth of 66.7% in the area during that time. The predominant age group in Naval Base is 40-49 years. Households in Naval Base are primarily childless couples and are likely to be repaying $1200 - $1400 per month on mortgage repayments. In general, people in Naval Base work in a trades occupation..
Naval Base has 334 properties. Over the last 5 years, Houses in Naval Base have seen a 47.20% increase in median value, while Units have seen a -35.06% decrease. As at 31 October 2024:
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