21 Giorgi Road

Picton WA 6229

This site comprises a large 10.4668ha 'General Industry' zoned industrial land holding, a portion of which is developed to the eastern end fronting Giorgi Road with an approx. 2,348sqm office / factory facility and associated improvements.- 10.4668ha Site (25.86 acres*);- Zoned 'General Industry' under City of Bunbury TPS No.8;- 2,348 sqm Building*;- Development Potential to Rear (Subject to Approval);- Good Access to Major Road Networks;- Building leased to Suez until 2023, plus options.The main developed area fronting Giorgi Road is located over 1.1165 ha which accounts for approx. 10.67% of the total land area. This portion is leased to Suez, which is a global company operating largely in the water treatment and waste management sectors.Perthwaste commenced the lease in 2011 with Suez taking over the lease following acquisition of the company for $87 million in 2016.The current lease extends until 2023 with further options available. Suez also holds the necessary 'Category 62' Licence issued by the Department of Water and Environmental Regulation allowing their current operation as a solid waste depot.A smaller portion being approx. 0.8172 ha, located centrally along the southern boundary is currently leased to MGM Bulk, a respected family owned company with over 60 years' experience in Western Australia, providing bulk haulage and material handling to a wide range of mining clients.Shows an approx. 5.10% return based on listed price for only 18.48% of total land area.Imagine the possibilities with the remaining 8.5331 hectares !Priced at $3,500,000 (GST Apportioned).For further information or to arrange an inspection, contact exclusive selling agent Geoff Hill.