119 Kelvin Road, Maddington WA

For Sale

Industrial

SOLD

2205m2

Commercial Industrial Property Group (CIPG) is pleased to offer for sale on behalf of the sellers this investment opportunity. The investment is an office and factory premises with a 5 year lease to an established business.

Located in Maddington Industrial Estate the property fronts two streets being Kelvin Road and Eva Street. Improvements comprise of an office and factory building constructed in 2008. Maddington is 20kms* south east of Perth CBD with major arterial roads including Tonkin Highway, Roe Highway and Albany Highway in close proximity.

Office accommodation is approximately 693sqm over two levels. The office area is divided into multiple offices, reception, boardroom, kitchen and amenities. Reverse cycle air - conditioning services the office area.

Factory is constructed with concrete floors, combination of concrete and clad walls, plus steel framed and clad roof. A five tonne overhead gantry crane runs the full length of half the building. Current there is a temporary internal wall dividing the factory into two separate areas, one used for manufacturing and the other used as a warehouse. Total floor area of the factory is approximately 1512sqm. Power supply is 2500 amps which was upgraded to accommodate the tenant.

The investment opportunity is a 5 year lease term. The lease term commenced 1st April 2015 plus an option for a further term of 5 years. Current rental is $420,000 per annum plus outgoings and GST with annual rent reviews.

For an Information Memorandum or to book an inspection please contact:

Chad Parham 0412 196 600

CIPG (08) 6399 1311

* areas are indicative only.