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Osborne Park, 23 Walters Drive


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Contact Details

Chris Farris
Mobile: 0413 945 667
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Price Upon Application

Land Size : 4903 m2
Type : Office

23 WALTER DRIVE - "HERDSMAN BUSINESS PARK" OSBORNE PARK

* Office - Laboratory - Warehouse Complex

* 2,824 sqm Building Area

* 4,903 sqm Land Area

This is an excellent land holding in a highly sought after precinct. The lot size is 4,903 sqm with a 39.23 metre frontage to Walter Drive and side boundary of 125.49. The lot is rectangular in shape.

Governed by the City of Stirling and is Zoned Industrial.

On site, the current building is a two level office, laboratory and warehouse, combination of
* Office - Laboratory - Warehouse Complex

* 2,824 sqm Building Area

* 4,903 sqm Land Area

This is an excellent land holding in a highly sought after precinct. The lot size is 4,903 sqm with a 39.23 metre frontage to Walter Drive and side boundary of 125.49. The lot is rectangular in shape.

Governed by the City of Stirling and is Zoned Industrial.

On site, the current building is a two level office, laboratory and warehouse, combination of approximately 2,824 sqm and is a very high quality building.

The current tenant "Clinical Laboratories (WA) Pty Ltd" are part of Australian Clinical Labs with some 900 plus pathology and collection outlets throughout Australia. They are the largest provider of Pathology, servicing to private and public hospitals in Australia, approximately 92 hospitals in total. This is simply a "Blue Chip" tenant.

The property income is currently $454,105.80 per annum net. The seller currently manages the property. There is a Management Fee of $18,166.80 so the current owners receive a total of $472,272.60 per annum plus variable outgoings and GST. The VO's are paid on demand from the tenant in full.

The current rent reviews are annually, equal to the Consumer Price Index, as published by the Australian Statistician, prior to the relevant rent review dates.

This is simply an opportunity that is rare with such a large land holding in Western Australia, Blue Chip Industrial/Retail precinct in Osborne Park. Just 6 kms north of the Perth CBD and easily accessible by the West Australian Freeway system. The property is a significant holding for this area and the tenant simply is "Blue Chip.


Disclaimer:- The contents of this brochure and any other information provided should not be relied on by you as it is provided provisionally subject to the disclosures made in this brochure. You should make your own enquiries, inspections and searches and if needs be, secure your own professional advice before making any decisions.

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