18 Howson Way,
Bibra Lake, WA 6163
Warehouse, Factory & Industrial
Price information
Sale
From $3.1 million
Key property information
Land area
Floor area
Zoning
Tenure type
Private inspections
to arrange a private inspection.
Map of 18 Howson Way
Bus stops within 5 km of 18 Howson Way, Bibra Lake, WA 6163 Distance Marvell Av Before Stevenson Wy 1.1 km Edeline St Before Doolette St 1.1 km Edeline St After Doolette St 1.1 km Marvell Av Before Barrett St 1.2 km Marvell Av After Chesterton St 1.2 km POWERED BY HERE ©
POWERED BY HERE ©
Prime industrial redevelopment opportunity with holding income
This opportunity is an ideal investment as a future redevelopment opportunity in a prime location in Bibra Lake.
It involves the sale of 4,042sqm* of land with six existing tenancy areas (1,853sqm*), five of which are currently occupied.
Zoning: City of Cockburn TPS 3 - Industrial
This property will attract a developer wishing to acquire a central Bibra Lake property with attractive redevelopment potential and strong holding income, an investor with a similar agenda, particularly one with the foresight and capacity to optimise the income generated by the tenancy environment of the property or an owner occupier.
The tenanted areas currently generate approx. $117,744 in Net Rent, although this represents significant under-renting value, based upon current market leasing values. Tenants also pay GST and Variable Outgoings. The property should be generating rent of approx. $206,955 plus GST plus Variable Outgoings, based conservatively upon a Net Rent of $130/sqm for the five tenanted area and $50/sqm for the untenanted area of 425sqm*.
The unoccupied unit is currently best suited for use as a storage area, although it has the capacity to be upgraded to a higher utilisation, and, as a result, will generate significantly greater rent.
The existing tenants are attached to periodic (month to month) leasing arrangements, although a number of them are longstanding tenants and all of whom are financial and reliable tenants.
The tenancy areas comprise the following:
Unit 1
Workshop: 201sqm*
Office: 28sqm*
Rear yard: 132sqm*
Plus amenities
Unit 2
Workshop: 200sqm*
Office: 27sqm*
Rear yard: 132sqm*
Plus amenities
Unit 3
Workshop 200sqm*
Office 28sqm*
Rear yard: 132sqm*
Plus amenities
Unit 4
Workshop: 191sqm*
Office: 27sqm*
Rear yard: 210sqm*
Plus amenities
Unit 5
Workshop: 409sqm*
Office: 22.5sqm*
Plus amenities
Unit 6
Warehouse: 425sqm*
Units 1 to 4 were part of the original development of this property (in 1989). Units 5 and 6 were a Stage 2 development.
Units 1 to 5 have 3 phase power and all have individual metres. The property has sept tank drainage.
Outgoings: $21,503.53
Council Rates: $15,503.53
Insurance: $4,000
Water Rates (Inc. consumption): $2,000
This property will attract a broad buying audience as it presents a broad cross-section of opportunities. Investors and developers and business owners wishing to broaden or establish a presence in Bibra Lake will have no difficulty seeing the value and potential presented by this property.
For further information or to arrange an inspection please contact:
Michael Danagher
RWC WA
M: 0403 049 9...
E: michael.danagher@raywhite.com
Victor Aloi
RWC WA
M: 0404 808 0...
E: victor.aloi@raywhite.com
* Approximate
It involves the sale of 4,042sqm* of land with six existing tenancy areas (1,853sqm*), five of which are currently occupied.
Zoning: City of Cockburn TPS 3 - Industrial
This property will attract a developer wishing to acquire a central Bibra Lake property with attractive redevelopment potential and strong holding income, an investor with a similar agenda, particularly one with the foresight and capacity to optimise the income generated by the tenancy environment of the property or an owner occupier.
The tenanted areas currently generate approx. $117,744 in Net Rent, although this represents significant under-renting value, based upon current market leasing values. Tenants also pay GST and Variable Outgoings. The property should be generating rent of approx. $206,955 plus GST plus Variable Outgoings, based conservatively upon a Net Rent of $130/sqm for the five tenanted area and $50/sqm for the untenanted area of 425sqm*.
The unoccupied unit is currently best suited for use as a storage area, although it has the capacity to be upgraded to a higher utilisation, and, as a result, will generate significantly greater rent.
The existing tenants are attached to periodic (month to month) leasing arrangements, although a number of them are longstanding tenants and all of whom are financial and reliable tenants.
The tenancy areas comprise the following:
Unit 1
Workshop: 201sqm*
Office: 28sqm*
Rear yard: 132sqm*
Plus amenities
Unit 2
Workshop: 200sqm*
Office: 27sqm*
Rear yard: 132sqm*
Plus amenities
Unit 3
Workshop 200sqm*
Office 28sqm*
Rear yard: 132sqm*
Plus amenities
Unit 4
Workshop: 191sqm*
Office: 27sqm*
Rear yard: 210sqm*
Plus amenities
Unit 5
Workshop: 409sqm*
Office: 22.5sqm*
Plus amenities
Unit 6
Warehouse: 425sqm*
Units 1 to 4 were part of the original development of this property (in 1989). Units 5 and 6 were a Stage 2 development.
Units 1 to 5 have 3 phase power and all have individual metres. The property has sept tank drainage.
Outgoings: $21,503.53
Council Rates: $15,503.53
Insurance: $4,000
Water Rates (Inc. consumption): $2,000
This property will attract a broad buying audience as it presents a broad cross-section of opportunities. Investors and developers and business owners wishing to broaden or establish a presence in Bibra Lake will have no difficulty seeing the value and potential presented by this property.
For further information or to arrange an inspection please contact:
Michael Danagher
RWC WA
M: 0403 049 9...
E: michael.danagher@raywhite.com
Victor Aloi
RWC WA
M: 0404 808 0...
E: victor.aloi@raywhite.com
* Approximate
Additional information
External websites
Property ID: 504573088Last Updated: 8 May 2024
RWC - WA
12-14 The EsplanadePERTH, WA 6000
18 Howson Way
Bibra Lake, WA 6163
RWC - WA12-14 The Esplanade
PERTH, WA 6000
PERTH, WA 6000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from RWC - WA
Other properties you might be interested in based on the location and property type you are looking at.
EOI closing Wed 31 July 2024 at 4pm (AWST)
22 Renewable Chase,Bibra Lake, WA 6163 2466 m²Warehouse, Factory & Industrial