4/8 De Castilla Street
Minyirr, WA 6725

Overview

Leased Workshed Investment

This commercial property located at 4/8 De Castilla Street, Minyirr, Western Australia, presents a valuable industrial/warehouse investment opportunity. The asset is currently leased with long-standing tenants, providing a stable income stream and strong demand in the local industrial market.

The property features a functional workshed with a lettable area of approximately 204 square meters, which includes an integrated office and bathroom facilities. The office space is fully air-conditioned and spans around 40 square meters, offering a comfortable working environment with kitchen, lounge/dining, and workspace areas.

Additional amenities include bathroom facilities equipped with a toilet, shower, and hand basin, as well as mezzanine storage space of about 40 square meters. The building is designed with a high clearance sliding door providing 4.4 meters of clearance, facilitating easy access for vehicles and equipment. A concrete verandah of 27 square meters adds to the functional outdoor space.

Parking is available with a tandem exclusive use carbay covering 67 square meters. The property is strategically located close to the Port and KMSB, enhancing its appeal for industrial use. The internal fenced yard adds security and operational flexibility.

The property is part of a well-established and tightly held 8-unit strata scheme, situated on a fully fenced parent site of 8,590 square meters. The site benefits from extensive concrete hardstand areas and ample common area parking, supporting various industrial activities.

The zoning for the property is General Industry, aligning with its current and potential uses. The lease summary indicates a new 5-year lease to an established tenant with approximately 12 years of occupancy, expiring in January 2031. The gross rent is $72,000 per annum, equating to $6,000 per month, reflecting the property's investment value.

Outgoings for the property include council rates of $5,209 per annum and water rates of $315 per annum. These costs are typical for industrial properties in the area and should be considered in the investment analysis.

Overall, 4/8 De Castilla Street offers a compelling opportunity to acquire a quality leased industrial asset with long-term tenants and strong local demand. Its functional design, strategic location, and secure tenancy make it an attractive proposition for investors seeking stable returns in the industrial sector.

Please note that all internal measurements are approximate and should be verified independently.

Location