Sold
A Jewel in the Heart of Lithium Valley
7 Thorpe Way, Kwinana Beach WA 6167
Last Asking Price - $5,600,000
IndustrialSize: n/a
Block size: 4181 m² approx.
This exceptional industrial property comprises two separate mirrored tenancies on 4,181sqm of land in the centre of the Kwinana Beach industrial precinct.
The property boasts an array of high-quality features designed to maximize efficiency and productivity. Strategically located in the heart of Lithium Valley, in close proximity to transport routes linking this dynamic and emerging area to Fremantle and to the Kwinana Freeway, the property's excellent infrastructure and advantageous location has ensured that it has been leased continually to high-quality tenants since its construction in 2008.
It is an extraordinary industrial asset that presents an investor with an opportunity to gain significant future growth in yield and capital value as the popularity of the area in which it is located and the rents it generates continue to improve. The opportunity to achieve a significant increase in rental income can be expected to arise in January 2026 when the applicable rent will be subject to a Market Review.
Property Highlights:
• Land - 4,181/sqm
• Improvements 2,750/sqm
• Two Mirrored Tenancies (each 1,375/sqm)
• Hardstand - 1,431/sqm
• Two substantial high truss, tilt panel workshops
• Truss height (8m*)
• Well-appointed, two storey offices (with air conditioning)
• Excellent, modern amenities
• Built 2008
• 400 AMPS of Power (Reticulated on each side)
• 30 KW Solar
• 1,000 AMPS available to the property
• 28 Car Bays (Including two bays for ACROD drivers)
• Modern 5T and 10T Gantry Cranes in each tenancy.
• Proximity to the Kwinana Freeway, Fremantle Port and other transport routes, streamlining transportation of goods and materials.
Lease Information:
(1) Lessee - Tenant (1)
I. New Term - Commencement Date - 1st July 2023
II. Term - 5 Years
III. Net Rent - $145,000 + Outgoings + GST
IV. Tenant has been in occupation of the property for 2 years before exercising an option to extend for a five year term
V. Options: NIL
(2) Lessee - Tenant (2)
I. New Term - Commencement Date - 1st July 2023
II. Term - 5 Years
III. Net Rent - $145,000 + Outgoings + GST
IV. Tenant has been in occupation of the property for 5+ Years.
V. Options: 5 Years
NB:
(1) Market Review: 30 Months (Early 2026)
(2) Ratchet Clauses in both leases.
(3) A simple system for the management of these tenancies has been developed and is applied by the current owner of this property, the low cost of which is borne by the owner.
Don't miss the chance to invest in a property that guarantees consistent rental income due to its prime location and modern features and design.
This industrial gem offers the perfect blend of functionality, convenience, and reliability that discerning commercial investors seek.
For further details or to arrange an inspection please contact:
Michael Danagher
Ray White Commercial (WA)
Mobile: 0403 049 989
Email: michael.danagher@raywhite.com
Tom Jones
Ray White Commercial (WA)
Mobile: 0478 771 117
Email: tom.jones@raywhite.com
The property boasts an array of high-quality features designed to maximize efficiency and productivity. Strategically located in the heart of Lithium Valley, in close proximity to transport routes linking this dynamic and emerging area to Fremantle and to the Kwinana Freeway, the property's excellent infrastructure and advantageous location has ensured that it has been leased continually to high-quality tenants since its construction in 2008.
It is an extraordinary industrial asset that presents an investor with an opportunity to gain significant future growth in yield and capital value as the popularity of the area in which it is located and the rents it generates continue to improve. The opportunity to achieve a significant increase in rental income can be expected to arise in January 2026 when the applicable rent will be subject to a Market Review.
Property Highlights:
• Land - 4,181/sqm
• Improvements 2,750/sqm
• Two Mirrored Tenancies (each 1,375/sqm)
• Hardstand - 1,431/sqm
• Two substantial high truss, tilt panel workshops
• Truss height (8m*)
• Well-appointed, two storey offices (with air conditioning)
• Excellent, modern amenities
• Built 2008
• 400 AMPS of Power (Reticulated on each side)
• 30 KW Solar
• 1,000 AMPS available to the property
• 28 Car Bays (Including two bays for ACROD drivers)
• Modern 5T and 10T Gantry Cranes in each tenancy.
• Proximity to the Kwinana Freeway, Fremantle Port and other transport routes, streamlining transportation of goods and materials.
Lease Information:
(1) Lessee - Tenant (1)
I. New Term - Commencement Date - 1st July 2023
II. Term - 5 Years
III. Net Rent - $145,000 + Outgoings + GST
IV. Tenant has been in occupation of the property for 2 years before exercising an option to extend for a five year term
V. Options: NIL
(2) Lessee - Tenant (2)
I. New Term - Commencement Date - 1st July 2023
II. Term - 5 Years
III. Net Rent - $145,000 + Outgoings + GST
IV. Tenant has been in occupation of the property for 5+ Years.
V. Options: 5 Years
NB:
(1) Market Review: 30 Months (Early 2026)
(2) Ratchet Clauses in both leases.
(3) A simple system for the management of these tenancies has been developed and is applied by the current owner of this property, the low cost of which is borne by the owner.
Don't miss the chance to invest in a property that guarantees consistent rental income due to its prime location and modern features and design.
This industrial gem offers the perfect blend of functionality, convenience, and reliability that discerning commercial investors seek.
For further details or to arrange an inspection please contact:
Michael Danagher
Ray White Commercial (WA)
Mobile: 0403 049 989
Email: michael.danagher@raywhite.com
Tom Jones
Ray White Commercial (WA)
Mobile: 0478 771 117
Email: tom.jones@raywhite.com
Inspections
No open inspections scheduled.
Send an enquiry
Contact Michael Danagher to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Industrial
Block Size:
4181 m²*
Other Details
Lot:
4
Legal description:
P012662/4
Maps and area information
Block information
Block size: 4181m² (approx)
Legal description: P012662/4
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
09 Apr 2024
Sold
Ray White Commercial (WA)
Listed: 18/10/2023
Block size: 4181m²
Transfer type: Full transfer
09 Apr 2024
Sold
Ray White Commercial (WA)
Listed: 18/10/2023
Block size: 4181m²
Transfer type: Full transfer
Kwinana Beach suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
39 years
Population
42
Listing ID: 182012875. This listing has been viewed 1 time. It was first displayed on 18/10/2023 and last updated on 09/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.