Fully tenanted Bindoon, WA landmark hits the market

Expressions of interest are being sought for a commercial asset that is somewhat of a landmark for the Shire of Chittering in Bindoon.
 
The property at 27 Binda Place, that comes with a 785sqm net lettable area and 1,252sqm land area, is fully tenanted with a 5.3-year W.A.L.E.
 
The property is being marketed and sold by Ray White Commercial (WA) Director Stephen Harrison.
 
Mr Harrison said the prominent location and the reliable long-term tenants in place would be real drawcards for potential buyers.
 
"The property is anchored by the Bindoon Bakehaus, this is complemented by a long-standing dentist and real estate agency."

"All tenants have tenanted the premises for many years, have just renewed leases, and have an immaculate payment history."

"The building was only built 10 years ago and benefits from a modern design, producing $192,476 p.a. net passing income."
 
The premises neighbours the local pharmacy and shares the compact town centre with the Shire of Chittering Council, the offices of the regional parliamentary representative, the new Mitre 10, the new IGA, Caltex and other conveniences. 

“It has experienced over the last 15 years an average annual population growth of 4.2* per cent, roughly to per cent above the regional average.
 
“This is largely due to its close proximity to the Perth metropolitan area, making it feasible for residents to commute to Perth for work.
 
“Current ongoing road upgrades will make the commute faster and easier, further boosting the local population,” he concluded.
 
Expressions of interest close Monday, June 24.