92 Robinson Avenue is located in Belmont in an established near-city industrial and commercial area, approximately six kilometres east of the Perth CBD. The property is situated at the southern corner of the intesection of Robinson Avenue and Esther Street, east of Belmont Avenue.
The site of 1.5215 hectares is improved with an office and warehouse building, constructed in 1990 and refurbished in 2013. The property has a total GLA of 8,595 square metres; office and amenities of 829 square metres, a warehouse of 5,651 square metres, a production area of 644 square metres and canopies of 1,471 square metres. It is of modern and market relevant presentation.
Tenancy and Leasing Information
The property is leased by Toll Transport Pty Ltd. The lease commenced on 1 April 2013 for a term of 8 years and 3 months with an option of a further 5 years. Commencing rental was $1,191,738 with rental reviews fixed at 3.5% annually, and market on 1 July 2019 with ratchet.
Sale & Tenancy details
|Sale Date||August 2017|
|Vacancy (by area)||0.0%|
|WALE (by income)||3.91 years|
|Net Lettable Area (NLA)||8,595 m²|
|Gross Passing Income||$1,516,710 p.a.|
|Gross Market Income||$1,048,636 p.a.|
|Adopted Outgoings||$283,261 p.a.|
|Net Passing Income||$1,233,449 p.a.|
|Net Market Income||$765,375 p.a.|
|Passing Yield (fully leased)||11.01%|
|Gross Passing Income||$176/m²|
|Gross Market Income||$122/m²|
|Net Passing Income||$144/m²|
|Net Market Income||$89/m²|
For further details please contact:
Property Valuation & Advisory (WA)
Unit 2, 168 Stirling Highway, Nedlands WA 6009
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.