77 Norseman Road, Castletown WA 6450

Positioned in the heart of the industrial precinct with outstanding visibility and direct access to a major transport corridor, this substantial commercial holding presents an exceptional opportunity for the astute investor seeking strong returns and future upside. Set on an impressive 6,927sqm parcel, the property is underpinned by two established tenancies and offers more than 1,900sqm of total building area, delivering immediate income with excellent leasing security.

The main tenancy has been purpose-built and thoughtfully expanded over time to maximise functionality, efficiency and operational flow. Designed to accommodate large-scale industrial activity, the facility features 11 high-clearance access doors, with openings up to 6.475m x 7.67m, ensuring seamless vehicle movement and enhanced business productivity.

Main tenancy highlights include:
• Secure core tenant with current lease in place
• Bitumised on-site parking
• Negotiable lease options up to 5 years
• Attractive projected return of 7.5% on asking price
• Modern office/admin and showroom space of approx. 160sqm, including amenities, kitchen, offices and air-conditioning
• Mezzanine storage over office area
• Front workshop approx. 560sqm
• Drive-through workshop with gantry approx. 250sqm
• Rear drive-through workshop with storage approx. 560sqm
• 3-phase and single-phase power
• 25kW solar power system
• Energy-efficient LED lighting
• 3.2 tonne overhead gantry
• Durable concrete flooring
• Security camera system

Second tenancy features include:
• Originally purpose-built for fish processing
• Lease secured until February 2027
• Rendered brick and tin construction
• Currently occupied by a distillery and retail sales operation
• Front retail/display area
• Preparation area
• Three cool rooms
• Offices/storerooms
• Staff amenities
• Rear loading area

With diversified income streams, secure lease arrangements and significant landholding in a tightly held industrial location, this property represents a compelling investment with both immediate cash flow and long-term growth potential.

The generous site size and strategic positioning also provide exciting future development or expansion possibilities, adding further value for forward-thinking investors.

Please contact Jon-Paul Adams to inspect the property or to gather any further information 0431 189 417.