40 Boyd Street

Webberton WA 6530

This property features over 4600m2 of land and approx. 1300m2 of improvements, in the Midwest's premium light industrial area. Whilst the property may appear fully developed, there is potential to add value. Currently the infrastructure includes:House: - 3 bed, 1 bath, with external bedsit / storeroom + garden shed- Air conditioning (2x split systems)- Recently renovated Kitchen, Bathroom, Laundry- Hardwood floorsShed 1: - 470m2 approx.- Recently renovated ablutions including shower, and office / tea room - Ample lighting- 2 large sliding doors- 12kW solar PV system (currently disconnected)- Separate septic tank- Car Spray Booth can be included in the sale by negotiationShed 2: - 197m2 approx.- recently installed cladding and high clearance electric roller door (approx. 5m X 5m)- 3 phase power to shed- Lights / power outlets installed by TenantShed 3: - 500m2 approx.- 20m X 5m mezzanine approx.- 4x high clearance, wide sliding doors- 3 phase power- Ample lighting- Firewall sheeting to west wall- 560mm thick concrete to portion of shed floor- air compressor and receiver included, currently utilised by tenantsSecure Compound:- 280m2 approx.- hardstand- cyclone fencing and gateRent Income:Sheds 2 and 3 are tenanted to an international truck service and sales brand, with options to renew. Current income is $72,410pa + GST, and the tenant pays their proportion of the variable outgoings.There is added potential to build on the current income either by leasing Shed 1, the house, and the secure compound at the front, in their current format, or further develop the property in a different fashion ie; another shed or hardstand. Lease details and rent forecasts can be provided to qualified buyers.The current market has a critical lack of light industrial land, sheds, and tenanted investments. This property is a rare gem which offers all three. With the forecast income on the remaining tenancies, there is very reasonable potential to achieve a 10% return.For more information contact:- Matt Poynton 0437 770 301- Phil Sorgiovanni 0419 568 256- Sam Scally 0498 444 390Note: Transportable office, shipping container, spray booth, and other loose items do not form part of the sale. The spray booth can be included by negotiation.