ACCORDING to Ray White Commercial WA real estate specialist Brett Wilkins, the investment offered at 36 Hemisphere Street, Neerabup, represents a great opportunity.
The property has a proven strong tenant on a long-term lease and is a quality industrial building in the fastest growing industrial estate in Perth’s northern suburbs.
Purpose built for KLEN International in 2016, the tenant has an eight-year lease plus options, with guaranteed Consumer Price Index (CPI) annual increases in the rent.
The property comprises 8329 square metres of total land size with an office space of 32m2 that could be built for a second storey if needed, as well as a 2740m2 warehouse and 119m2 laboratory.
At Neerabup, the property is 30 kilometres north of the Perth CBD and is easily accessible from the Mitchell Freeway.
This development was recently completed and was built to the specifications and requirements of the incumbent tenant.
There are elements of the property that are specialised in design, however, fundamentally the premises is adaptable to suit a range of industrial users in the future, notwithstanding its current utilisation.
The specialised features that allow for chemical storage and manufacturing, make the tenant relocation expensive, time consuming and difficult.
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KLEN International specialises in manufacturing fire assay fluxes, X-ray fluxes and the supply of consumables within the mining and geochemical assay laboratory market.
With facilities in Perth, the United States and Canada, KLEN (fully accredited under ISO 9001) successfully competes internationally and has become the leading global manufacturer of fire assay flux.
In September 2012, KLEN International was acquired by VWR International, LLC.
With headquartered in Pennsylvania, USA, VWR is a global solutions provider of laboratory supplies, equipment and services with worldwide sales in excess of USD $4.1 billion in 2013.
- Price: $6.65m
- Location: Neerabup
- Area: 8329m2
- Agent: Ray White Commercial WA
- Contact: Brett Wilkins 0478 611 168