21 Adrian Street

Welshpool WA 6106

Total Land Area: 4,097 sqm
Office/Warehouse: 2,500 sqm (approx)
21 Adrian (500 sqm) leased @ $36,000 pa + +
23 Adrian (500 sqm) leased @ $36,000 pa + + (Vacating 15th November 2022)
34A Tennant (500sqm) leased @ $72,000 pa + +
34B Tennant (1,000sqm) leased @ $42,000 pa + +

MLV as exclusive agents are please to present to market 21-23 Adrian Street, Welshpool, a 4,097 sqm industrial site located in Perth's premier industrial precinct.

The premises is of saw-tooth design, built of concrete floors and footings with brick elevations and metal cladding. There are two roller doors and one sliding door fronting Adrian Street which allow the premises to be split into multiple tenancies (which is currently so), providing a flexible investment opportunity. The vendor has undertaken significant renovations ensuring each tenancy is completely independent, with each having its own separate offices featuring air-conditioning, lunchroom/kitchenette and toilet facilities. Total frontage to Adrian street is 60.35m while total frontage to Tennant Street is 30.18m. Access to the warehouse from Tennant Street is via two roller doors and a wide cross over, this portion of the lot is significantly under-developed and currently utilised for parking and storage purposes.

Total holding income is $186,000 per annum plus GST and Outgoings spread out over four separate tenants, diversifying the risk for any investor. The site also has two-street access allowing drive-through capabilities and potential future subdivision (subject to council approval) should it be desired by a purchaser. Presented is an excellent opportunity for an investor looking for an assorted mix of tenants or developer looking to reposition a well-located asset which has holding income.

For further information please contact the exclusive agents Stefan Quaresimin on 0421 929 686 or David Lamb on 0411 597 952.