Colliers is pleased to present 3 Kawakawa Place, Westgate, a premium freehold investment underpinned by a brand-new five-year lease to an established engineering consultancy. Situated on a prominent 2,456sqm corner site, the property comprises a modern 732sqm standalone office building designed specifically to accommodate the tenant's business requirements.
Designed by respected architect Mark Butler, the building is a striking example of form meeting function, with exposed structural steel, polished concrete floors, visible engineering services, and innovative precast concrete wall panels. Positioned close to Northwest Shopping Centre, Costco Wholesale, and the wider Westgate Town Centre, the property benefits from excellent connectivity and surrounding amenity.
Positioned on a prominent corner site of approximately 2,456m², the property benefits from significant underlying land value and offers 32 onsite car parks, an increasingly scarce and highly desirable feature for tenants and occupiers.
Returning $293,787.14 net per annum plus GST and outgoings, with fixed 2.5% annual rental growth and future market review provisions, this is a rare opportunity to secure a quality investment property occupied by a long-established business in a tightly held commercial precinct.
For more information or to arrange a viewing, contact the brokers today.
Features:
* Freehold land holding of 2,456sqm
* Modern standalone office building of 732sqm
* Brand new 5-year lease
* Net rental income of $293,787.14 p.a. + GST + OPEX
* Exceptional allocation of 32 onsite car parks
* Architecturally designed premises with distinctive engineering features
