Watch Watch
Your home of Commercial Ready videos
Watch Watch
Back
Sold Check

42-44 Wittenberg Drive, Canning Vale, WA, 6155

+14 Photos
/
Images
Video
Close

42-44 Wittenberg Drive, Canning Vale, WA, 6155

Canning Vale

×
Sold Check
+16 Photos

42-44 Wittenberg Drive, Canning Vale, WA, 6155

Canning Vale

SOLD
42-44 Wittenberg Drive, Canning Vale, WA, 6155

42-44 Wittenberg Drive, Canning Vale, WA, 6155

Properties / Sold / Western Australia / Canning Vale
Tenanted Investment
Selling Method
Contact Agent
Selling Details
UNDER OFFER
Floor Area
1614 m² (*approx)
Property Type
Industrial
Sub-type
Office/Warehouse
Terms
New Commencement Date - 1st July 2023 - Term - 3 years
Est. Income
$220,008 p/a
Fully Leased
Kempe Engineering
Show All
HIGH QUALITY INDUSTRIAL LEASED INVESTMENT

This exceptional industrial property boasts an array of high quality features designed to maximize efficiency and productivity. Strategically located in close proximity to the Roe Highway transport route, its excellent infrastructure and advantageous location ensure a consistent income stream, as the property has never experienced a vacancy since its construction.

Property is offered for sale via Expressions of Interest

**CLOSING 7TH SEPTEMBER 2023 at 4pm (AWST)**

The Seller reserves the right to sell the property prior to the closing date of the Expressions of Interest Campaign

Property Areas

• Land - 4,538sqm

• Hardstand - 1,800sqm*

• A substantial high truss workshop - 1,230sqm*

• Well-appointed office spaces - 208sqm*

• Amenities - 176sqm*

Property highlights:

• Dual beam 50T gantry crane and two 10T SWL hoists

• 20T SWL gantry (owned by tenant)

• 125 CFM compressor

• Certified wash bay with oil separator

• 3m x 3m x 3m deep concrete pit under the crane, featuring a trafficable lid for easy access and maintenance

• 30kw solar system

• 250 Amps power

• High truss with 8.5m under crane hooks

• 8m wide x 8m high sliding doors, providing optimal access for oversized equipment and materials

• Drive-through potential

• Yards sealed with 125mm x 32 MPa concrete, ensuring durability and functionality for heavy-duty activities

• Proximity to the Roe Highway transport route, streamlining transportation of goods and materials

• The property has been owned by the current owner since it was built in 1995

• Given its design, location and profile (plus the cranes and equipment on the property), it has never been untenanted

• It was originally tenanted by Subsea Services (from 1995 to 1998), then Expro Group (after it purchased Subsea Services) and then from 2013 to now, by the current tenant, Kempe Group

• The current lease provides for the tenant to pay ALL the property outgoings, although the owner has always managed it himself and has never applied a property management cost

Lease Information:

• Lessee - Kempe Engineering

• New Commencement Date - 1st July 2023

• Term - 3 years

• Rental - $240,000 + Outgoings + GST

• Tenant has been in occupation of the property for 10+ Years

Don't miss the chance to invest in a property that guarantees consistent rental income due to its prime location, advanced features, and adaptable design. This industrial gem offers the perfect blend of functionality, convenience, and reliability that discerning commercial investors seek.

For further information or to arrange an inspection please contact the Agents:

Michael Danagher

Ray White Commercial (WA)

Mobile: 0403 049 989

Email: [email protected]

Tom Jones

Ray White Commercial (WA)

Mobile: 0478 771 117

Email: [email protected]

Lachlan Burrows

Ray White Commercial (WA)

Mobile: 0499 552 296

Email: [email protected]

*Approximately

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

42-44 Wittenberg Drive Investment Summary

Property Type
Industrial
Sub-type
Office/Warehouse
Est. Income
$220,008 p/a
Tenant
Kempe Engineering
Terms
New Commencement Date - 1st July 2023 - Term - 3 years
Floor Area
1614 m² (*approx)
Selling Method
Contact Agent
Selling Details
UNDER OFFER

Investment Highlights

HIGH QUALITY INDUSTRIAL LEASED INVESTMENT

This exceptional industrial property boasts an array of high quality features designed to maximize efficiency and productivity. Strategically located in close proximity to the Roe Highway transport route, its excellent infrastructure and advantageous location ensure a consistent income stream, as the property has never experienced a vacancy since its construction.

Property is offered for sale via Expressions of Interest

**CLOSING 7TH SEPTEMBER 2023 at 4pm (AWST)**

The Seller reserves the right to sell the property prior to the closing date of the Expressions of Interest Campaign

Property Areas

• Land - 4,538sqm

• Hardstand - 1,800sqm*

• A substantial high truss workshop - 1,230sqm*

• Well-appointed office spaces - 208sqm*

• Amenities - 176sqm*

Property highlights:

• Dual beam 50T gantry crane and two 10T SWL hoists

• 20T SWL gantry (owned by tenant)

• 125 CFM compressor

• Certified wash bay with oil separator

• 3m x 3m x 3m deep concrete pit under the crane, featuring a trafficable lid for easy access and maintenance

• 30kw solar system

• 250 Amps power

• High truss with 8.5m under crane hooks

• 8m wide x 8m high sliding doors, providing optimal access for oversized equipment and materials

• Drive-through potential

• Yards sealed with 125mm x 32 MPa concrete, ensuring durability and functionality for heavy-duty activities

• Proximity to the Roe Highway transport route, streamlining transportation of goods and materials

• The property has been owned by the current owner since it was built in 1995

• Given its design, location and profile (plus the cranes and equipment on the property), it has never been untenanted

• It was originally tenanted by Subsea Services (from 1995 to 1998), then Expro Group (after it purchased Subsea Services) and then from 2013 to now, by the current tenant, Kempe Group

• The current lease provides for the tenant to pay ALL the property outgoings, although the owner has always managed it himself and has never applied a property management cost

Lease Information:

• Lessee - Kempe Engineering

• New Commencement Date - 1st July 2023

• Term - 3 years

• Rental - $240,000 + Outgoings + GST

• Tenant has been in occupation of the property for 10+ Years

Don't miss the chance to invest in a property that guarantees consistent rental income due to its prime location, advanced features, and adaptable design. This industrial gem offers the perfect blend of functionality, convenience, and reliability that discerning commercial investors seek.

For further information or to arrange an inspection please contact the Agents:

Michael Danagher

Ray White Commercial (WA)

Mobile: 0403 049 989

Email: [email protected]

Tom Jones

Ray White Commercial (WA)

Mobile: 0478 771 117

Email: [email protected]

Lachlan Burrows

Ray White Commercial (WA)

Mobile: 0499 552 296

Email: [email protected]

*Approximately

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

Finance Calculator

42-44 Wittenberg Drive, Canning Vale, WA, 6155

Secure/no obligation

Step 1

Loan Variables

Adjust the inputs to explore your indicative finance options.

Estimated Purchase Price: $x,xxx,xxx
What you intend to pay for the property
Your Contribution: $x,xxx,xxx
The amount you’re investing
LVR: $x,xxx,xxx
Loan to Value Ratio

Estimated Purchase Price:

What you intend to pay for the property

$

Your Contribution:

The amount you’re investing

Min: 0% - Max: 90% of purchase price.

$

LVR:

Loan to Value Ratio

Min: 10% - Max: 100% of purchase price.

%

Loan Analysis

Estimated Purchase Price:
Your expected purchase price. Final lender valuation may differ and will affect LVR and borrowing.
$x,xxx,xxx
Your Contribution:
Your funds toward the purchase (savings/equity/gift). Does not include costs like duty, legals or LMI.
$xxx,xxx
Loan to Value Ratio:
Calculated as Loan ÷ Price. Guidance only. Lender policy caps vary by property type, location and borrower profile.
xx%
Loan Amount:
Estimated loan based on your inputs. Excludes fees, LMI and costs. Subject to credit assessment and valuation.
$xxx,xxx
Interest Only: Monthly Repayments
Estimate using interest-only at 5.85% p.a. Excludes fees. Rates can change without notice.
in full report
Principal & Interest: Monthly Repayments
Estimate at 5.85% p.a. over 15 years, monthly compounding. Excludes fees/LMI. Rates may change.
in full report
Stamp Duty: western australia
Indicative rate for western australia. Concessions/exemptions (e.g., first home) may apply and change the amount.
in full report
Stamp Duty Cost:
Estimate only. Check SRO western australia for the latest rules and any concessions that may reduce this figure.
in full report

Property Location of 42-44 Wittenberg Drive, Canning Vale, WA, 6155

Property Map
42-44 Wittenberg Drive, Canning Vale, WA, 6155 Canning Vale
calculator-icon Yield Calculator
calcultor-icon Yield Calculator