Industrial Investment
48 Bakewell Drive is a leased single level warehouse building with an office and mezzanine component and provides parking for 9 car bays plus a single ACROD bay.
The total floor area is of 655sqm* and comprises of 444sqm* warehouse, 74sqm* main office and 137sqm* mezzanine level. The warehouse has roller door access and a truss height of 6.8m*.
• Leased to Mindaroo Foundation Ltd
• 4 Years + 1 Year Option – commenced August 2022
• $60,000 per annum net rent
| Sales Analysis | |
| Sale Price: | $1,020,000 |
| Site Date: | December 2022 |
| Site Area: | 1,947sqm* |
| Yield – Passing: | 5.88% |
| Vendor: | Private |
| Purchaser: | Sydney Private Investor |
| Sales Process: | Off-market sale by invitation to database |
* approximately
In another strong indicator of Subiaco’s growing investment appeal, the landmark Tighe’s Building at 131-135 Rokeby Road has changed hands for $5 million in an off-market transaction brokered exclusively by Michael Milne.
$200,000 operating cost savings