14B Hines Road, O'Connor WA 6163

DFR Commercial are pleased to present to the market 14B Hines Road, O'Connor, a substantial industrial investment opportunity offering exceptional value for money in one of Perth's most tightly held industrial precincts. The property has some lease uplift with the current tenancies in place and there is also the ability to strata title the units (STCA) to future proof your investment.

With a total land area of approximately 1,000m² and two fully appointed office/workshop units totalling approximately 668m², this property presents a rare opportunity to acquire an industrial complex for much less than what is available in the current market if these units where to be sold individually.

Strategically positioned just off South Street and within easy access to Leach Highway, Stock Road and the Fremantle Port, the property benefits from excellent connectivity and strong ongoing demand from industrial occupiers.

The improvements comprise two separate office/workshop units of concrete tilt panel construction, each featuring two-storey air-conditioned offices, amenities and independent access. The property is currently under-leased to two established tenants, providing immediate income as well as an opportunity for significant future rental growth potential.

Tenancy details:
- Unit 1 Fixed term lease until 8/12/2030 currently paying $43,625 p/a + Outgoings and GST. Lease commenced December 2019.
- Unit 2 Holding-over, currently paying $53,714 p/a + GST. Outgoings included in rent. Lease commenced September 2020.

Features Include:
- Total land area 1,000m2 (approx.)
- Unit 1 349m2 (approx.)
- Unit 2 319m2 (approx.)
- Concrete tilt panel construction
- Each space has two storey air conditioned offices
- Each space has two separate bathrooms

Approximate annual outgoings: Council rates $9,510.00, water rates $3,450.00, insurance $2,600.00. Total $15,560.00

*Some photos shown represent unit 2 when it was vacant prior to the current lease which started in September 2020. DFR Commercial are the managing agents for the property and property condition reports from the beginning of each lease are available.

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