Jones Lang LaSalle as exclusive selling agents are delighted to provide the following information on this outstanding investment opportunity located at 34-40 Vinnicombe Drive in Canning Vale Western Australia. High quality industrial investments in Perth’s prime markets have been scarce in recent times, reinforcing the attractiveness of this particular opportunity. Property features include:

- Prime industrial locality of Canning Vale
- Long term lease until 2015 to quality tenant
- Guaranteed annual rental increases
- Underdeveloped site allowing for future development
- Flexible sound improvements on-site
- Substantial frontage to Vinnicombe Drive
- Easy access to major arterial road networks

Property Description

The subject property comprises a very well presented and maintained office and warehouse facility. In a market where large industrial land holding’s are scarce, this outstanding opportunity provides an underdeveloped site offering exciting future development potential.

The improvements on-site are made up of the following approximate areas:

Office: 705sqm
Warehouse: 2,826sqm
Trade Sales Area: 180sqm
Mezzanine Floor: 150sqm
Total Gross Building Area: 3,861sqm (approx)

Tenancy Detail

Lessee: Crane Distribution Limited T/A Tradelink
Lease Commencement: 1st January 2006
Lease Expiry: 31st December 2015
Current Net Rental: $539,135 + GST + Outgoings
Rent Reviews: Fixed annual increase of 3.5% on 1st Jan 2012, 2013, 2014 and 1st Jan 2015

For sale by "Offers to Purchase" Closing 4pm WST Thursday 27 October 2011