10 Pardoo Street, Newman WA 6753

Occupy or Invest - fully leased – $330,000* net pa, expect returns 10.65%* net!
This supreme investment opportunity is located in the heart of Newman’s busy and super tightly held industrial area.

In an elevated position, on a prime, high profile corner site on Pardoo Street. These two workshops on a single title are modern, in excellent condition and surrounded by similar quality properties.

Consistently leased for years, each workshop of 385m2* consists of internal air conditioned offices and ablutions of 65m2*. Extremely clean, the workshop surrounds are mostly concrete and bitumen hardstand, on a fully fenced 2410m2 corner site, with two entry driveways.

Returning a combined $330,000 net, with tenants paying all outgoings, the workshops are always in strong demand and attract high quality tenants. For the savvy investor/developer, there’s also potential to strata subdivide the workshops and sell just one.

New lease terms have just been agreed for the corner workshop, with the proposed new tenant not requiring the workshop.
For owner occupiers, this provides an excellent and super rare opportunity to buy and occupy your own premises in the tightly held Newman industrial market, whilst also collecting an income.

For pure investors, we have a high quality tenant wanting to sub-lease that space from the new ingoing tenant.

Feature summary:
* Supreme investment opportunity
* $330,000 net pa - expect returns 10.65%* net
* Two workshops on one title
* Approx. 770m2 total floor area
* 2 x workshops 385m2* each
* Internal air conditioned offices and ablutions of 65m2* each
* Securely fenced prime 2410m2* corner site
* Majority site concrete & bitumen sealed
* Rare opportunity to occupy corner workshop
* Quality, modern & super low maintenance

For sale $3,100,000 gst  Free going concern - Expressions of Interest (EOI) closing Thursday 29th August 2024, 4pm Western Standard Time (WST) if not sold prior.

For more information, contact Realmark Commercial Pilbara’s Commercial and Industrial Specialist Eliza Mearns on 0416 048 929 today.
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