The property is improved with two buildings, having a total gross area of 5,105sqm comprising ground floor showrooms, upper level office, 8 metre high truss warehousing plus 64 secure undercroft car bays. The building incorporates lift access to all levels including the undercroft car park. The office and showroom areas have reverse cycle air-conditioning with the total site surrounded by reticulated landscaped gardens.

The improvements are situated on the corner of King Edward Road & Collingwood Street in the Osborne Park premier commercial/showroom precinct.

Total land area is 7,287sqm, underpinning the value of the property.

The Lessee is Novetec Building Products Pty Ltd - a long established supplier of recognised bathroom products including Novelli, Vogue and Multiform. There are complimentary sub-tenancies including Home Builders, Financial Advisors and Tile Merchants.

Current rental net income for both buildings is $768,875 per annum. The leases expire 04 August 2014 with 5 year options thereafter.

ASKING PRICE IS $10,900,000 TO SHOW A NET RETURN OF 7.05%.