Show Map
Sold! Contact for price

FANTASTIC INVESTMENT OPPORTUNITY - LEASED TO ASX LISTED TENANT UNTIL 2026

16 Atbara Street, West Kalgoorlie

  • 10
  • 3713 Square metres
Download Brochure
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie
  • 16 Atbara Street, West Kalgoorlie

John Matthew and Sons are pleased to offer this investment opportunity on behalf of our clients.

This property is currently leased to the ASX Listed Coventry Group Ltd (ASX:CGY) on a 5 year term expiring 28/2/2026. The property is utilised to operate Cooper Fluid Systems a division of the Coventry Group. Showing an 8% return this property will be an asset to any investor.

Set on 3,713sqm* this corner block has 60sqm* of reception/showroom, office and ablutions. These improvements are accessible via a concreted off-street parking area that faces Atbara St.

The highly functional 940sqm* of workshop is housed within a heavy duty steel portal framed structure with eight roller doors facing Keogh Way. The truss height of the workshop is 6m. A mezzanine level within the workshop contains further office area including a boardroom.

Multiple gates on Keogh Way provide access to the yard and workshop area. The yard is fully fenced and includes a mixture of sealed and unsealed hardstand.

Quality Tenant – Coventry Group Ltd ASX:CGY
Secure Lease – Five (5) year term commencing 1st March 2021 (original Lease commenced 1st March 2016)
Passing Rent – $171,665,54 + GST + Outgoings
Rent Reviews –
1/3/23 CPI review
1/3/24 Greater of Market Review or CPI
1/3/25 CPI review

Asking Price – $2,145,000 and being sold as a ‘Going Concern’
Return on Asking Price – 8%
*Estimates Only

Estimated Outgoings
Council Rates – $13,500
Water Rates – $650.00
Insurance – $6,500.00

For further information including an Information Memorandum give Daniel Lavery (0411 174 452) or James Brennan (0434 967 357) a call, or email them at [email protected] & [email protected].

Agents

X

Similar Listings