13 Zeta Crescent

O'Connor WA 6163

The O'Connor area is undergoing continual development with many strata complexes being built and few freehold green title properties for sale, especially smaller industrial lots. This 1,033 square metre site is basically square and on the high side of the road with a 30 metre frontage to well known and popular Zeta Crescent. Typical services are connected to the property. The site is fully developed.
TITLE PARTICULARS
Freehold, Lot 57 on Plan 15856, Volume 1764, Folio 228
ZONING
The property is Zoned Industrial under the Local Planning Scheme No 4 and Local Planning Area 8,under the City Of Fremantle and MRS Industrial Zone. It is currently used as a Mechanical Workshop. Showroom, Warehouse, Light Industry, Service Industry, Consulting, Hardware/Homemaker, Garden Nursery and Car Parking.
IMPROVEMENTS
Developed on the site is a 702 square metre approx. metal and brick office/workshop/warehouse facility servicing Fremantle Taxi Service who are currently using it for Mechanical Motor vehicle repairs and part storage. The building can be utilized by many other businesses.
The approximate break up of improvements is as follows; Main Workshop 483m2 (21.89 x 22.08m), Side Compartments 179m2 (4.055m x 22.08 each), First Level Office 40m2.The Office is two levels with kitchen and usual amenities. The workshop is clear span with good natural light through translucent roof sheeting. Access is by two industrial roller doors. The workshop has 3 phase power. Externally the site is fully developed with parking area and landscaping.
Please note that the main roof sheeting has leakage problems and as part of any contract of sale will be repaired by the Seller prior to settlement
ENCUMBRANCES
The land does not have any encumbrances and is clear title.
LEASE DETAILS
The property currently can be sold vacant possession or with the Lease in place. The Lessor can at anytime give the Lessee 3 months notice to vacate. This current lease arrangements can allow the property to be sold as a going concern.
Lessee: The property is occupied by Fremantle Taxi Service
and Management Pty Ltd
Term: 5 years commencing 1st august, 2010 and expiring
31st July, 2015
Options: Nil
Annual Rental: Commenced at $52,000 plus GST and Outgoings.
Bond: $11,866
The Lessee has a first right of refusal, but has indicated they wish to move to larger premises.
GST ON SALE
If sold as A Going Concern?, Zero GST
If sold Vacant Possession Purchase Price will be plus GST
GENERAL
This is a genuine opportunity to buy a smaller green title land based
investment in O'Connor where there is very limited opportunity to buy this type of property.
FOR FURTHER DETAILS AND INSPECTION, PLEASE CONTACT:
PHIL FARRIS
0411 333 550
RHETT FARRIS
0400 472 216