89 Pilbara Street,
Welshpool, WA 6106

Opportunity to become a shareholder in this property. Currently there are 16 shareholders and 1 share is for sale, all the property details and lease details are outlined for your information:

LOCATION
The property is located at 89 Pilbara Street Welshpool.
The premises is located off Pilbara Street and enjoys excellent access via Orrong Road, Kewdale Road, Welshpool Road, and Roe Highway. Welshpool’s access has recently been enhanced by the completion of the Roe Highway which provides a direct route through the southern corridor, and the Perth International Airport.

IMPROVEMENTS

Office/Warehouse 3,318 m2

Office: 400 sqm

The improvements include a single-storey Office. The office is constructed from concrete floors and walls with metal deck roofing. Internally the office is fitted with partitioned walls, suspended ceiling, recessed lights and reverse cycle air conditioning. We are of the opinion that this standard of office is above the standard for the Welshpool area.

Factory: 2,918 sqm

The warehouse includes concrete floors, concrete walls and iron roof. Access to the warehouse is from the side of the property under the canopies off Pilbara Street. The area includes a truss height of approximately 7 meters, clear span, and two roller doors which are all in good condition. Warehouse is evaporative cooled.

LEASE DETAILS
Lessor: Various
Lessee: Australian postal Corporation
Comm. Date: 1st August 1997
Lease Term: 10 Years
Option Term: 5 + 5 Years
Rent Reviews: At intervals of two (2) years from the commencement Date during the term or any extension or renewal of it. Rental shall not be below the preceding year.
Current Rent: $328,000 p.a. (exclusive of GST)
GST: Payable by Lessee
Outgoings: Payable by the Lessee