Superb Investment Office/Workshop over Two Freehold Lots

Industrial/Warehouse Sold - WEDGEFIELD WA

Burgess Rawson are pleased to present to the market For Sale by Offers Invited, 2 & 4 Taaffee Street, Wedgefield, Port Hedland.

Wedgefield is an industrial area located in Port Hedland, containing a broad variety of industrial premises, principally servicing the local mining industry.

Site Details

The total land area is 16,788sqm* which comprises two freehold lots being:

+ Lot 1 8,290sqm*
+ Lot 1028 – 8,498sqm*

Key Features:

+ 5 year Lease expiring 29 November 2027 – Guaranteed by Emeco Holdings Limited
+ Operated, occupied and expanded by the same company for over 15 years
+ Existing Tenant has taken up their 5 Year Option with 5 year Option available
+ High quality main Office/Workshop of 1,850sqm* with 2 x 15 tonne gantry cranes
+ Original Workshop with 1 x 10 tonne crane
+ Truss height of approximately 14 metres in the main workshop
+ Net Income: $675,000pa
+ Annual CPI Reviews

Further Improvements including:

+ Emergency diesel self powered firefighting system with approx 30,000 litre water tank capacity
+ Caretaker and separate accommodation available
+ Washbay with 2,500lph VSG water treatment system
+ Onsite transportables
+ Sandblast facility with dust extraction system
+ Paint facility with paint extraction system

Asking Price

Offers Invited, closing Wednesday 23 August 2023 @ 4pm

For further information or to arrange an inspection, please contact the Selling Agent

*Approx