We are delighted to exclusively present For Sale, 11 Excellence Drive, Wangara.
11 Excellence comprises 3,324sqm of fully fitted office / warehouse situated in the core of the Wangara industrial precinct benefiting from direct frontage and exposure to Hartman Drive.
The modern improvements provide the flexibility to meet the requirements of all occupier groups and the professional roadside presentation of the facility will ensure your business is depicted in the best possible light. 11 Excellence is afforded swift and direct access to Gnangara and Ocean Reef Roads via Hartman Drive and is located 23min north of the Perth CBD and 6.5km east of the Mitchell Freeway.
Key Investment Highlights & Lease Summary:
• Net Passing Income: $511,100 p.a + GST + Outgoings
• Expiry Date: 30th April 2026
• Initial Lease Term: 5 years
• Option(s): Two (2) x Five (5) Year Options
• Tenant to provide notice 24 months prior to expiry date regarding exercise of option.
• Bank Guarantee: 5 Months Gross Rent to the amount of $254,622.88 approx.
• Rent Reviews: Annual Increases to CPI
• Market Reviews: at commencement of option period, ratchet clause applies.
• Outgoings: 100% Payable by the Tenant
• Occupancy: 100% Leased
Key Property Features:
• Total Site Area: 7,341sqm*
• Total Gross Building Area: 3,326sqm *
• Office: 508sqm*
• Warehouse: 2,818sqm*
• Site Coverage: 45.30%
• Local Authority: City of Wanneroo
• Zoning: General Industrial
For further information please contact exclusive agents Colm McHugh or Jack Bradshaw.
