Unit 1 11 Ulm Street,
Osborne Park, WA 6017

LOCATION: The property is just off Frobisher Street and provides easy access to the Mitchell Freeway.

IMPROVEMENTS: The complex is a single level brick and iron development comprising 3 strata factory units with the third unit being at the rear of the subject property and fronting onto Colray Avenue.

Unit One incorporates its own toilets and mezzanine office and has a strata area of 409 square metres and an additional enclosed exclusive use area of approximately 273 square metres that has been bricked up and roofed.

RENTAL: The property is leased to a trucking transport company that services Steggles across the road. The current term expires on 30th September 2010. The current rental is $65,197.92 net per annum plus G.S.T.

PRICE: $1,295,000 and no G.S.T. assuming the sale is made on a going concern basis.