12 Colin Jamieson Drive, Welshpool, WA 6106

MLV as exclusive agents are pleased to present to market, 12 Colin Jamieson Drive, Welshpool  - a high quality industrial investment with strong fundamentals and diversified income across two tenancies. Further to this, the opportunity is underpinned by two high specification industrial units on a freehold allotment. 

Tenancy Highlights:

Unit 1
• 5 + 5-year Lease
• Commenced 01/03/2022 (option has been exercised)
 •Passing rental of $106,924 pa plus GST and Outgoings
• Market Rent Review implemented at $123,704 p/a + GST and Outgoings
• Security bond of $25,750
• Annual CPI Increases with a Market Review in 2024, 2027 and 2030
• Directors personal Guarantees
• Strong Solicitors Lease

Unit 2
• 5 + 5-year Lease
• Commenced 01/04/2024
• Passing Rental of $123,190.88 p/a + GST and Outgoings
• Bank Guarantee of $38,500
• Annual 3.5% increases with a Market Review in 2029
• Director personal Guarantee
• Strong Solicitors Lease

Each unit comprises approximately 658 sqm of lettable area and is built of concrete tilt-panel construction with well appointed office space and a high truss. This ensures excellent re-leasing probability should a vacancy arise in the future. Unit 1 has exercised a 5-year option from 1/03/2027 at a new rent of $123,704 pa + + while Unit 2 is leased until 01/04/2029 with a passing rental of $123,190 p/a + GST and Outgoings. 

MLV Property is selling this gem of an asset via an Expressions of Interest campaign closing 4:30pm Friday the 11th December 2026 an we highly recommend all interested parties inspect and express their interest as soon as possible (the lessor reserves the right the sell, accept, reject any offer at any point in time at their absolute discretion).

For further information please contact the exclusive selling agents Stefan Quaresimin on 04211 929 686 or David Lamb on 0411 597 952.