 Asset Class: | Industrial |
 Price: | $ 2714000 |
 Net Yield: | 6.20 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
This pri<span style="font-weight:normal;">me industrial asset, located in the Halifax Industrial Area of Bunbury, is a leased investment benefitting from a long-term national tenant, Komatsu Australia. The property includes two adjoining sites (33 McCombe Road and 9 Clifford Street) on separate titles, collectively spanning 4,383 sqm.</span><br><br><p style=""><span style="font-weight:normal;">The 33 McCombe Road site comprises a steel-framed and concrete tilt panel warehouse/workshop, attached single-level office, 10 onsite parking bays, and a secured laydown storage area. The 9 Clifford Street site is predominantly bitumen hardstand with a covered washdown bay.</span></p><br><p style=""><span style="font-weight:normal;">With its strategic location, the property offers convenient access to major arterial routes, including McCombe Road, Grant Smith Entrance, and major roads servicing the South West and lower South West regions.</span></p><br><p style=""><span style="font-weight:normal;">Key lease terms include an annual CPI rent review (Perth All Groups), a current lease term expiring March 2026, and ongoing negotiations for an extension of min 3 yrs. The property is also in demand from owner-occupiers seeking to capitalise on the building format, low site cover, the site access and position to establish their company headquarters.</span></p>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
The property is located approximately 6.5kms southeast of the Bunbury CBD in the Halifax Industrial Area. More specifically, 33 McCombe Road is positioned on the southern side of McCombe Road opposite Grant<br>Smith Entrance providing direct access to major arterial roads via South Western Highway and Bussell Highway (via Robertston Drive) servicing the South West and lower South West regions. While 9 Clifford Street located directly to the rear of 33 McCombe and is currently accessible via McCombe Road or Clifford Street (while the current Tenant leases both properties). McCombe Road is one the major access roads within the Davenport Light Industrial Area. Surrounding development comprises predominantly industrial warehouse accommodation of varying age and style. Nearby businesses include Komatsu, Stratco, Elders, Gyprock Trade Centre Toll Transport.<br><br>DAVENPORT<br><br>The subject property is situated within one of the main industrial precincts of Bunbury, Halifax Industrial Area or more specifically Bunbury Business Park. Halifax Industrial Area is located south of the South Western<br>Highway (formally the Boyanup Road) and east of Robertson Drive. The subject lot is located in one of five designated industrial areas in Bunbury, all situated within 4 kms of each other. The other areas are Forrest and<br>Picton both to the northeast, Proffit Street to the north and Richter Road to the west. The Halifax Industrial Area comprises two of the newer industrial estate releases within the Davenport area, with the area to the<br>south and east of South Western Highway, being developed as ‘Bunbury Business Park’, which was first released in 1997 and ‘Bunbury Industrial Park’ which was first released in 2006.<br><br><br>BUNBURY<br><br>Bunbury is positioned in the heart of the Bunbury-Geographe region and is the economic hub of the South West region, often being referred to as the States second city. Located approximately 180km south of Perth,<br>Western Australia, Bunbury offers a high-quality lifestyle in a stunning natural landscape surrounded by the Indian Ocean, Koombana Bay and Leschenault Inlet. With Bunbury’s access to major transport and export infrastructure, including the Bunbury Port, rail networks, Forrest and South Western Highways and Busselton Margaret River Airport (freight and commercial flights), higher education opportunities, health services and industry, Bunbury is well positioned to support one of Australia’s fastest growing regions, with an increasing population calling the Bunbury-Geographe region home. The Bunbury Geographe region, encompassing the surrounding shires of Harvey, Dardanup, and Capel, now collectively supports a population of more than 106,000 residents. As the heart of the South West Region, which houses a total of around 193,000 people, Bunbury serves as a central point for trade, education, health services, and recreation.<br><br>ZONING<br><br>Zoned “Light Industry” under the City of Bunbury Town Planning Scheme No.8. The property has a number of permitted uses such as but not limited to bulky goods showroom, commercial vehicle parking, garden centre, laundromat, lunch bar, motor vehicle, boat and caravan sales, trade display, trade supplies, transport depot and warehouse / storage, together with discretionary and advertised uses such as but not limited to animal establishment, brewery, club premises, community purpose, dry cleaning premises, educational establishment, funeral parlour, industry – light, industry – primary production, medical centre, motor vehicle repair, motor vehicle wash, recreation – private, service station and veterinary centre, subject to City of Bunbury approval.
Additional Location Information FileInitial Term:
Security:
3 month bond
Security Info:
3 month bond
Initial Term:
Security:
3 month bond
Security Info:
3 month bond
See Financial Overview file - attached. Provides detailed Rental Compares and Agent / Valuer assessment.
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>4,383 sqm total land area</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> (33 McCombe Road: 2,250 sqm & 9 Clifford Street: 2,133 sqm)</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>948 sqm building area</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> (Office: 198 sqm, Warehouse: 750 sqm)</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Secure onsite parking for 10 vehicles</b></span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>High bay warehouse with 4 electric roller doors (4.5-5m clearance)</b></span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>5T and 10T gantry cranes, electric roller doors, and LED lighting</b></span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Reinforced concrete hardstand and covered washdown bay</b></span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Fully air-conditioned office accommodation</b></span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Dual site access from McCombe Road and Clifford Street</b></span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Zoning:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> “Light Industry” under City of Bunbury Town Planning Scheme No.8</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Tenant:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Komatsu Australia Pty Ltd</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Net income:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> $168,270 p.a. plus GST</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Outgoings:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Payable by tenant , except rental mgt (allowed for in the Net income total)</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Lease Expiry:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 31st March 2026 (Negotiations with Komatsu well underway for min 3 year extension)</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Use:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Sale, display, servicing, and storage of heavy machinery, spare parts storage, and ancillary office accommodation</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Security:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> ASX Covenant</span></p></li></ul>
