The property includes a single office and warehouse with excess hardstand. The development has been completed to a high quality has a total gross lettable area of 609 sqm inclusive of office and warehouse.
OFFICE AND WAREHOUSE: 609 m2

Lease Details (Summary)
Rental: $60,000 per annum
Term: 5 years
Option: 5 years
Rent Reviews: Annually
Outgoings: Payable by lessee
Commencement Date: 15th November 2003 (Option has been exercised)

Improvements
57 Reserve Drive- 609 sqm (approximately)
Office: 65 sqm
The improvements include a two-storey office/showroom to the front of the building. The offices are constructed from concrete floors, steel frame plasterboard clad walls, with suspended ceiling. The upper mezzanine level includes office and lunch room constructed from the same material. Internally the property includes open plan offices and, reception area, lunchroom and amenities. The office has split system reverse cycle air conditioning located in the upper mezzanine level. We are of the opinion that this standard of showroom and office is above the standard for the Mandurah industrial area.
Factory: 570 sqm
The warehouse includes concrete floors, concrete walls and iron roof. Access to the warehouse is from the front and side of the property off Reserve Drive. The area includes a truss height of approximately 7 meters, clear span, and two roller doors which are all in good condition.