WHAT IS ON OFFER?

  • LEASED INVESTMENT PORTFOLIO WITH PROFITABLE SELF-STORAGE BUSINESS WITH EXCELLENT LONG TERM TRACK RECORD
  • SUBSTANTIAL (3.0212 HECTARES) STRATEGICALLY LOCATED ADJACENT LOTS IN THE INDUSTRIAL AREA OF WEST KALGOORLIE
  • IMPROVEMENTS COMPRISE VARIOUS INDUSTRIAL PREMISES LEASED TO A RANGE OF SMALL AND MEDIUM SIZE TENANTS PROVIDING REGULAR STABLE PROPERTY RENTAL RETURNS
  • THE WELL-ESTABLISHED EASILY RUN PROFITABLE BUSINESS KNOWN AS KALGOORLIE SELF-STORAGE WITH AN EXCELLENT TRADING RECORD OVER THE LAST 20 YEARS
  • LAND IMPROVEMENTS AND BUSINESS UNDER THE SAME OWNERSHIP AND MANAGEMENT FOR THE LAST 20 YEARS
  • GENUINE REASON FOR SALE – OWNERS NOW WISH TO RETIRE

KSS5

 

CORE POINTS AND OPTIONS

CURRENT AND PREVIOUS STRUCTURE OF STABLE TENANCIES AND HIGH LONG-TERM OCCUPANCY OF SELF STORAGE UNITS PROVIDES AN EXCELLENT SPREAD OF INCOME SOURCES THUS MAKING INCOME LESS VULNERABLE TO VACANCIES

SELF-STORAGE BUSINESS EASILY ADMINISTERED WITH HIGH PERCENTAGE OF LONG TERM RENTALS AND LIVE IN, ON-SITE CARETAKER/MANAGER. CARETAKER WISHES TO STAY ON AND COMES WITH HIGH RECOMMENDATION FROM SELLER.

AN IDEAL PASSIVE INVESTMENT EITHER

  • RUN UNDER PRESENT ON SITE MANAGEMENT STRUCTURE   OR
  • BY EMPLOYING SELF STORAGE MANAGEMENT SPECIALISTS ON A PERCENTAGE COMMISSION BASIS

SPARE, UNUSED PARCEL OF LAND (APPROX. 4519M2), WITH PENDING  SUBDIVISION APPROVAL.
IDEAL FOR FURTHER DEVELOPMENT OF EITHER INDUSTRIAL SHEDS OR MORE AND LARGER SELF STORAGE UNITS.

OPPORTUNITY TO SEPARATE TENANCIES FROM SELF-STORAGE BUSINESS BY SUB-DIVIDING THAT PORTION OF LOT 33 WHERE THE SELF-STORAGE UNITS ARE LOCATED. SUBDIVISION ALREADY APPROVED (See Annexure A) ALTHOUGH APPLICATION FOR TITLES HAS NOT YET BEEN ACTIVATED.

  KSS3 

 

 

 


ACTUAL RETURNS BASED ON AVERAGE NET SUSTAINABLE INCOME LAST THREE YEARS – NB ARGUABLY THE MOST SUPPRESSED PERIOD OF ECONOMIC ACTIVITY IN KALGOORLIE FOR TWO DECADES. 

  • Kalgoorlie Self-Storage Business –  9.25%  Including all land and improvements, plant, goodwill and stock.
  • Tenanted Commercial Property –     9.50% Including all land and improvements and tenancies.
  • Proposed Vacant Land Yield –            $110m2

 KSS2

PRICE     (To Be Sold As A Going Concern)

All Land and Improvements and Tenancies

KSS Business All Plant and Equipment, Goodwill and Stock.

$4,240,000           Yield 9.375%

Vacant Land (Subdivision Pending)

$495,000              Yield $110m2

TOTAL                   $4,735,000 (Plus GST if applicable)

For a Comprehensive Information Memorandum Including

  • 8 Years Full Tax Financials
  • Aerial Photo
  • Detailed Site Plans
  • Full Tenancy Disclosure
  • Approved Subdivision Plan And Conditions
  • Pending Subdivision Plan
  • Detailed Comparative Sales
  • Calculation Of Asking Price

CONTACT EXCLUSIVE AGENTS

FORTUNE BUSINESS AND PROPERTY BROKERS

ALL ENQUIRIES  PHIL MULCAHY

(08) 9315 4401 or 0418 689 423

phil@fortune.net.au

www.fortune.net.au

 Disclaimer

Information contained in this document is subject to the following disclaimer.

The information in this document has been compiled from information supplied by the vendors of the relevant property/business. Fortune Business and Property Brokers has no reason to doubt its accuracy. However, Fortune Business and Property Brokers cannot guarantee the accuracy or content of this report. Nor can the Seller or Fortune Business and Property Brokers take any responsibility for any estimate, projections, errors or omissions. Any projections provided are conservative forecasts provided by the Seller and based on 20 years of owning the business and property. Buyers should make their own independent enquiry as to the future performance of the subject business and property.

Accordingly, all interested parties are recommended to seek independent financial and legal advice concerning the relevant property/business.