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147 Barrington StBIBRA LAKE
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Key features
- Long WALE Investment Opportunity
- Triple-Net Lease Structure
- Prime Industrial Properties
Prime Industrial Investment Opportunities
About this property
Savills are pleased to present to the market for sale, two investment properties at 147 Barrington Street, Bibra Lake & 2 Thorpe Way, Kwinana Beach.
Together they offer a rare opportunity to secure to primely located industrial facilities secured by a long-term leases to MinRes Properties Pty Ltd, wholly owned and secured by Mineral Resources Limited.
Key investment highlights;
• 147 Barrington Street
- 15,605sqm* site area
- 7,390sqm* GLA
- $976,000 per annum passing net rent
• 2 Thorpe Way
- 15,087sqm* site area
- 4,234sqm* GLA
- $587,000 per annum passing net rent
• Fully leased to MinRes Properties Pty Ltd
• Leased until 31 December 2034, plus 5 year option
• 3.5% fixed annual increases
• Market review at 5th anniversary (10% cap/collar), upward only open market review at the option date
• Triple-net lease structure
*approximate
The properties are being offered individually, or combined, by way of an EOI closing 4pm 23rd October 2024.
For further information or to arrange an inspection, please contact the exclusive selling agents below.
Local information
- The property is located on the southern side of Barrington Street, midway between its intersection with Spearwood Avenue to the east and Stock Road to the west. As a submarket, Bibra Lake benefits significantly from its proximity to the West Australian trading coast, with the Fremantle port and the new West Port development both located within 10.5 kilometres of the precinct. Perth CBD is located approximately 19km to the northeast of the site, w
Available space
| Tenancy | Sale Type | Price | Area | Status |
|---|---|---|---|---|
| n a | Expression of Interest | 7390.00sq m | Available |