ATTENTION ALL ASTUTE INVESTORS !
- State Recognised Tenant;
- Strong Leasing History;
- Building Area of 1,085sqm (approx.);
- Land Area of 2,161sqm;
- Shows 7.9% (approx.) Return on Listed Price.
Investment opportunities like this don't present that often, showing strong leasing terms, leased to a well-known organisation with good leasing history.
Welcome to 16 Beddingfield Street, Davenport, a substantial commercial development of concrete tilt panel and steel framed construction providing a combination of office, warehouse and specialised training facilities, with a total building area of approximately 1,085sqm, situated on a 2,161sqm industrial lot.
The property is located within the Davenport Industrial Area, located approximately 5kms south east of the Bunbury Central Business District and within close proximity of major road networks and the adjoining Shires of Harvey, Dardanup and Capel.
While the premise has been specifically modified for its current use, the design and construction of the building allows for conversion back to its original use as a substantial industrial property should the need present.
The site is leased to Activ, which is Western Australia's largest disability service provider, with 12 locations across the State, supporting adults and children living with intellectual and developmental disability for over 67 years.
The property has an impressive leasing history, with Activ occupying the premise since 2002. The current lease extends until 2022 with a further 5 year option available. Activ own and operate two directly adjoining sites, which focus around the main administration and training facility of 16 Beddingfield Street.
This leased investment is well priced at $1,450,000 (Going Concern).
For further information including an Information Memorandum, contact exclusive selling agent Geoff Hill
Inspection Times: Contact agent for details