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Overview
77 Norseman Road, CASTLETOWN WA 6450
Positioned in the heart of the industrial precinct with outstanding visibility and direct access to a major transport corridor, this substantial commercial holding presents an exceptional opportunity for investors seeking strong returns and future growth potential.
Set on an impressive 6,927 square meter parcel, the property is supported by two established tenancies and offers more than 1,900 square meters of total building area, providing immediate income with excellent leasing security.
The main tenancy has been purpose-built and thoughtfully expanded over time to maximize functionality, efficiency, and operational flow. Designed to accommodate large-scale industrial activity, the facility features 11 high-clearance access doors with openings up to 6.475 meters by 7.67 meters, ensuring seamless vehicle movement and enhanced business productivity.
Main tenancy highlights include:
- Secure core tenant with current lease in place
- Bitumised on-site parking
- Negotiable lease options up to 5 years
- Attractive projected return of 7.5% on asking price
- Modern office, administration, and showroom space of approximately 160 square meters, including amenities, kitchen, offices, and air-conditioning
- Mezzanine storage over office area
- Front workshop approximately 560 square meters
- Drive-through workshop with gantry approximately 250 square meters
- Rear drive-through workshop with storage approximately 560 square meters
- 3-phase and single-phase power supply
- 25kW solar power system
- Energy-efficient LED lighting
- 3.2 tonne overhead gantry
- Durable concrete flooring
- Security camera system
The second tenancy was originally purpose-built for fish processing and is secured by a lease until February 2027. It is constructed of rendered brick and tin and is currently occupied by a distillery and retail sales operation.
Features of the second tenancy include a front retail and display area, preparation area, three cool rooms, offices and storerooms, staff amenities, and a rear loading area.
With diversified income streams, secure lease arrangements, and significant landholding in a tightly held industrial location, this property represents a compelling investment with both immediate cash flow and long-term growth potential.
The generous site size and strategic positioning also provide exciting future development or expansion possibilities, adding further value for forward-thinking investors.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Castletown WA 6450
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 1900 m² |
Market Insights for Castletown WA 6450
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
