Ray White Commercial (WA) in conjunction with LJ Hooker Commercial are pleased to present 2 outstanding Redcliffe opportunities to the market for sale via expressions of interest closing Wednesday 12 July 2023 at 4pm.
The properties provide an incredible opportunity for investors to secure 15,875sqm - 19,983sqm prime land along Great Eastern Highway. Buy in one line or individually!
Property 1: 485-489 Great Eastern Highway, 30 & 32 Redcliffe Rd
The property comprises a two storey office, workshop and warehouse premises over two buildings, hardstand and an older lower truss warehouse all part of the AV Trucks Services operations.
• Land Area 15,875sqm*
• Total Building Area 5,631sqm*
• 5 year lease with a 2 x 5 year option with 4% reviews and 3 month Bank Guarantee commencing at settlement
• Total passing net rent $820,000pa + GST
Tenant
AV Truck Services have just entered into a 5-year lease with 2 x 5-year option with 4% reviews and 3-month bank guarantee commencing 1 July 2023.
AV Truck Services is a proud family owned and operated local company in WA for nearly 40 years. The company is an award-winning truck dealership known as a specialist dealer of IVECO and Hyundai Trucks and providing comprehensive truck repair and maintenance services in Perth. AV Truck Services recently were recognised in the 2022 IVECO awards; Dealer Of The Year medium & heavy runner up, parts manager of the year and sales manager of the year runner up.
Property 2: 449-465 Great Eastern Highway & 2-10 Redcliffe Rd
The property comprises a large concrete and bitumen paved hardstand located at the intersection of Great Eastern Highway and Coolgardie Avenue, a well developed office and warehouse/workshop facility located in a cul de sac at the intersection of Redcliffe Road and Ben street. The improvements comprise of three freestanding buildings constructed of reinforced concrete floors, metal clad elevations and a metal deck roof.
• Total Land Area 19,983sqm*
• Total Building area 4,860sqm*
• 9 year lease commenced 1 July 2015 + 5 + 5 options
• Total passing net rent $941,078pa + GST
Tenant
SRG Global is an ASX listed diversified industrial services company that started operations 1961. The company is known for its expertise in complex projects such as the construction of large-scale structures, underground mining infrastructure, and offshore platforms.
For further information please contact:
Brett Wilkins Vincent Siciliano
0478 611 168 0488 933 332
brett.wilkins@raywhite.com vsiciliano@ljhcperth.com.au
Chris Matthews Jake Wallman
0413 359 315 0403 975 298
chris.matthews@raywhite.com jwallman@ljhcperth.com.au
Ray White Commercial (WA) LJ Hooker Commercial
*Approximate
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