7 Ashby Close is situated on the corner of Ashby Close and Berkshire Road in the industrial suburb of Forrestfield, approximately 13 kilometres east of the Perth CBD. The property is in close proximity to Perth's ring road network via Roe and Tonkin Highways and is adjacent to the new Berkshire Road/Roe Highway overpass, part of the $1 billion Gateway WA Perth Airport and Freight Access Project.
The site of 3.21 hectares is improved with a modern A-grade office and warehouse/workshop building with canopies and a hardstand. The property has a total GLA of 11,416 square metres including canopies. The warehouse/workshop component is 8,745 square metres, office 671 square metres and canopies 2,000 square metres. In addition there is a washbay of 150 square metres and concrete and bitumen hardstand of approximately 11,000 square metres.
Tenancy and Leasing Information
The property is leased to ASCO Transport & Logistics, part of the ASCO Group, who provide support to the oil and gas industry . The current lease commenced at the end of April 2016 for a term of 8 years. Rent reviews are annual to CPI. The passing net rent at the date of sale was $1,408,991.
Sale & Tenancy details
|Sale Date||April 2018|
|Vendor||Perdaman Industrial Properties|
|Vacancy (by area)||0.0%|
|WALE (by area)||6.07 years|
|WALE (by income)||6.07 years|
|Gross Lettable Area (GLA)||11,416 m²|
|Gross Passing Income||$1,637,311 p.a.|
|Gross Market Income||$1,528,320 p.a.|
|Adopted Outgoings||$228,320 p.a.|
|Net Passing Income||$1,408,991 p.a.|
|Net Market Income||$1,300,000 p.a.|
|Passing Yield (fully leased)||6.87%|
|Gross Passing Income||$143/m²|
|Gross Market Income||$134/m²|
|Net Passing Income||$123/m²|
|Net Market Income||$114/m²|
For further details please contact:
Property Valuation & Advisory (WA)
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This analysis relies upon third party sources of information.While the resources are considered reliable, their accuracy cannot be guaranteed. We therefore accept no liability for any reliance on our analysis.