2 Level Split Risk - Invest or Occupy!

Austar Realty Commercial Division are excited to present to the market 10 Pioneer Street, Henderson.
After almost 18 years of enjoying the benefits of owning this road front, standalone site, the Vendors have decided to pass on this quality asset to the next lucky purchaser.
This building presents an opportunity for owner-operators and investors alike. Located on the road front of Pioneer St, the 475 sq m (approx.) office complex with 11 car parks is contained on a 563 sq m (more or less) freehold land parcel.
The well-presented building offers 2 levels of self-contained office suits, the top floor being leased to a long term tenant that has been in place since the vendors purchased the building, currently on a 3 year term, with a further 3 year right of renewal, returning $58,000 net per annum, scheduled for an increase to $60,000 net per annum from September 2024.
The ground floor is vacant and offers a combination of 6 offices, air conditioning and disabled toilets and is ready to go for a new tenant/owner-operator.

Property Features:
Freehold site of 563 sq m (more or less)
Total building area 475 sq m approximately
First Floor long term tenant currently returning $58,000 net per annum
Ground floor 243 sq m vacant and ready for new tenant/ owner occupier
Business - Metropolitan Centre Zone, allowing for future mixed use development

Ideally located in the heart of Henderson CBD, the local transport hub offers rail and bus services that are a few minutes walk away. Another benefit of the building is the diversity of the surrounding businesses, including Henderson West City Mall, Waipareira Trust/Medical Facility, the new Time Zone Entertainment Facility, cafes, to name a few!
For more information of this quality offering contact Trudi Pirini 027 333 3182, Ray White Central West, Commercial Division.