Lot 8, 20 Tarlton Crescent, Perth Airport WA
“AIRPORT PARK ONE” – STRATEGIC LEASEHOLD INVESTMENT
FOR SALE | Offers from $9,000,000
Less than 3% vacancy*
Annual net rental income of approximately $977,000*
More than 21 years remaining on the sublease
MLV as exclusive selling agents are pleased to present a sub-leasehold interest in Lot 8, 20 Tarlton Crescent, Perth Airport for sale. Known as “Airport Park One”, the asset comprises a 25 unit industrial development providing a mix of office and warehouse spaces over a 1.5778ha site within the Perth Airport Industrial Park. The sub-lease does not expire until 29 June 2047.
Investors will benefit from a diverse tenancy mix, occupancy in excess of 97%* and annual rental income of approximately $977,000* pa net, with strong rental upside in the short to medium term.
The property is zoned “Public Purposes – Commonwealth Government”, under the City of Belmont TPS No.15. The ground lease permits a range of uses including Administration, Storage, Light Industrial, Showroom type activities and Convenience Retail. Perth Airport Pty Ltd (as sub-lessor) may approve other uses at their discretion.
Key features:
• Less than 3% vacancy*
• Highly strategic location within the sought after Perth Airport Industrial Park
• Modern improvements offering high truss warehouses (circa 8m-9m) and quality office space
• Ample parking
• In excess of 21 years remaining on the sub lease