3/2 Steel Loop

Wedgefield WA 6721

For Sale $1,574,500, closing Thursday 1st August 2024, 4pm wst, if not sold prior.Exceptional investment opportunity presents, with these TWO modern, adjoining workshop units, available for sale in one line. Leased to quality listed company tenant Coventry Group Limited, operating as Cooper Fluid Systems, providing a solid 10% net return.Modern and low maintenance, with excellent depreciation benefits, construction was completed in 2013/14.Featuring only three units in the complex, the location is prime, on a corner site, in a modern, new area of Wedgefield - Port Hedland's primary industrial area. Truck drive through access is a feature of the two street front carpark, which is fenced, and entirely concrete sealed.The identical units are separately titled and serviced, providing long term versatility to lease or sell together or separately. Internally, each unit features a floor area of approx. 360m2, with approx. 60m2 of ground floor office, eat in kitchen, two bathrooms, and first floor offices of 29m2, split system air conditioning throughout.The workshops each feature front and rear roller doors, with rear yard storage of approx. 70 m2 each. Feature summary:* Attractive 10% net return* 2x separately titled modern workshops* Quality tenant - Coventry Group* Annual increases built into leases* Ground floor area 360m2** Consisting of workshop 300m2** 60m2* ground floor offices* Kitchen & bathrooms* 29m2* 1st floor offices, fully air conditioned* Front & rear roller door & rear yard* Truck drive through access to carpark* Well regarded location* Supreme investment opportunityThe location is sought after, with quality national and international companies closely located including Boton, Kennards, BOC, Programmed, Main Road, Hicks Civil & Mining, Cummins and Speno Rail.Call Realmark's Northwest Commercial and Industrial Specialist Eliza Mearns on 0416 048 929 today.*Approximate