11/378 South Street

O'Connor WA 6163

Make your move on this brilliant Showroom set up in the heart of O'Connor retail precinct. Surrounded by national tenants in a well know group that comes with a well-established thriving business as a tenant.

Well fitted out with the current tenant proposing a refit of the showroom area and amenities. High ceiling showroom with rear direct access to goods loading bay. Includes a storage warehouse component.

Make no mistake, this type of Investment opportunity at this price point do not come along every day. Owners seeking expressions of interest commensurate with Return on investment and replacement value of asset on a rate per sq meter.

The current setup and functionality will future proof any re leasing opportunity that is required. When you walk through you will see the value on offer and appreciate the unique Investment Opportunity.

The location is impeccable - exposed to busy South Street traffic, amongst quality national and local tenancies and only stone's throw for a Bunnings Warehouse store. Massive amount of parking available for store customers makes this an easy reliable space for well established businesses wanting to occupy.
Being on a major arterial with easy access to the Kwinana Freeway going north and south provides great opportunity to also being a destination store.... The easy access to major arterials is only one of the many reasons making this an astute buy.

Attributes
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Total Floor Area 746sqm

The building footprint is 746sqm ground floor made up of approx. 100sqm of Warehouse and amenities and balance showroom retail space. Above the warehouse is an office for administration on site. The Shop front has 18.5 Meters exposure to the car park and is well serviced by a rear access loading bay.

Features Include
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- Air Conditioning to the Office & Showroom areas
- Well presented Showroom with plenty of open space
- Well-appointed staff amenities
- Roller door to warehouse with easy access off the street
- Very Secure premises for 24/7 peace of mind
- Full lighting throughout Showroom.
- Easy access to property from Street for large trucks to unload
- Close Proximity to major arterial routes and other retail outlets

All presented in excellent condition.

Lease Details
Current lease expiring 31 October 2024.
Lessee looking to negotiate longer term and planning a re fit of the showroom.
Rent review due 1 November 2022 will see the rent increase to $143,385 PA
Plus, GST and Outgoings.
CPI increases built in at review 1 November 2023.
Current operation has been established in the property for well over 10 years.

Current rent being achieved falls well within market guideline providing great opportunity for increased return going forward.

For more details direct your enquiries to
Torrin Minutillo - 0417 171 164
or email me from this page.

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