PROPERTY DESCRIPTION
17 Katanning Street is now on the market. Situated at the prime corner of Katanning and Goongarrie Streets, this property offers an expansive land area of approximately 2,031 sqm. Key features include:
Versatile Development Potential: Whether you’re considering a modern multi-unit development for sale or lease, or a single-use facility for owner occupation, this property provides unparalleled flexibility.
Steady Income Stream: If immediate development isn’t your priority, the property currently generates a robust income. It comprises seven adjoining older-style, yet highly sought-after industrial units, totaling 1,174 sqm. These units are fully tenanted by long-standing occupants on casual leases, bringing in an annual income of approximately $105,466.88 (plus outgoings and GST).
Prime Location: Located in the central Bayswater industrial precinct, this property is just 8 kilometers from the city and offers direct access to the Tonkin Highway. It’s a short drive to both the airport and Kewdale’s logistic hub. Additionally, Ashfield and Bayswater train stations, as well as the Bassendean shopping center, are conveniently nearby.
This property is a rare find, presenting an exceptional opportunity for investors and developers alike. Don’t miss out on the chance to own a prime piece of Bayswater real estate.
For further details, please reach out to the Exclusive Selling Agent:
Daniel Saad
daniel@propropertygroup.com.au
Don’t miss this rare opportunity!
