$2,750,000 as a going concern

Hedland First National as exclusive selling agents are pleased to present to the market a premium investment opportunity located at 29 Pinnacles Street, Wedgefield which is part of the larger Port Hedland area.

Port Hedland itself is an industrial port in the Pilbara region of Western Australia located approximately 1,800km north of Perth and is the largest bulk handling port in the world and a major contributor to the Western Australian and Australian economy.

The Pilbara region anticipates a significant surge in development over the next 10-15 years, including in emerging industries that have not historically been here. This wave of new development, alongside the ongoing operational investment in established sectors such as iron ore is what will be the driving force behind the Pilbara's industrial and commercial property markets.

This strategically located site, which is well positioned on a corner block in Wedgefield's Light Industrial area offers a fantastic investment opportunity to incoming purchasers. In a prime location with fantastic street exposure to passing traffic on Pinnacles St this property is in a top location with access to major transport links.

The property will always suit corporations with the highest standards and is the perfect address for a company to showcase the end users business.

The 3,014sqm property is currently leased to Intertex Testing Services Pty Ltd. The well-established tenant entered a new 5-year lease term in 2023 which is in place expiring in 2028, with one additional five-year options offering annual rental increases.

Property Features include:
• 3014m2 (approx.) Industrial Corner Block in Prime Location.
• 453m2 (approx.) Total Building Area.
• 257sqm(approx.) Workshop with Mezzanine floor for additional storage.
• 3 Phase Power, 3 Roller Doors plus Personnel Door access from yard and offices.
• 178m2 (approx.) Open Plan Office Space with Reception Area.
• Large Kitchen, DDA toilet and separate toilet facilities.
• Concrete Hardstand to entire yard space.
• Fully Fenced Yard with excellent vehicle access via Pinnacles St and Oxide Way.
• Property Currently Tenanted.

Lease Details:
• Lease Commenced 1st April 2023.
• Initial Lease Term: 5 years.
• Expiry Date: 31st March 2028.
• Option(s): One (1) x Five (5) Year Option.
• Net Income $216,476.64p/a + GST + VO's ($18,039.72 + GST pcm).
• VO's Payable by the Tenant –$51,500 p/a (approx.).

To obtain a copy of the information memorandum, arrange an inspection or for further lease details please contact Helen Farrell at Hedland First National Real Estate on 0417 428 667 or email; [email protected]