RWC WA is pleased to present 531 Bickley Road, Maddington for sale. The property provides a fantastic opportunity for future owner occupiers, investors or developers to secure a 592sqm* building apportioned into 142sqm* of office, 150sqm* of mezzanine and 300sqm of warehouse on a prime 3,421sqm* parcel of land in the heart of Maddington. The property is constructed of reinforced concrete floors, brick and metal cladding elevations and a metal deck roof with intermittent translucent sheeting providing good natural lighting. The warehouse provides dual sliding door access points, a functional approximate 5.4 metre height sloping to 4.3m warehouse and 3 phase power. External to the warehouse is approximately 2,00sqm* of available yard perfect for additional storage and sea container lay down areas. Key features include: • 3,421sqm* garrison fenced and secure site • 792sqm* existing office/mezzanine/warehouse • 142sqm office/amenties; 150sqm of mezzanine • 300sqm* warehouse • Approximately 2,000sqm* of available yard • Leased until November 2026 Lease details Rent: $86,052.30pa net + GST & Outgoings We note that a 3% rent review increase is due 16/11/2025, which will increase the rent to $88,633.87. Term: 3 years commencing 16/11/2020 expiring 15/11/2023 and an extension from 16/11/2023 to 15/11/2026 Options: 3 years from 16/11/2026 to 15/11/2029 Rent Reviews: Annual 3% rental increases with a market review at option Security: $23,213.62 held in a trust account and a director's guarantee Comments: We note a market rent review is due 16/11/2026 at the expiry of the lease term. We anticipate this rental increase to amount to $110,000pa + GST & Outgoings. For the information memorandum, or to arrange an inspection please: Chris Matthews RWC WA M: 0413 359 315 E: [email protected] Liam Pittaway RWC WA M: 0439 555 439 E: [email protected] *Approx.
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