41 Paramount Drive, Wangara, WA 6065

Raine and Horne Commercial are pleased to present 41 Paramount Drive, Wangara to the market for sale.

Set on 4,301sqm, the property includes 1,906sqm of building, comprising office and expansive warehouse over two separate tenancies providing versatility for users.

A unique opportunity to acquire with holding income and potential to occupy or further develop in future.

The property has huge upside with potential for further development with previously approved additional warehouse (subject to relevant approvals).

With two leases in-situ, the property is being sold going concern. Lease information available upon request.

Potential for substantial rent upside based on current market rents in the immediate area.

Well located just 600m to Ocean Reef Road and 2.5km to Wanneroo Road.

Zoned "General Industrial" under the City of Wanneroo Local Planning Scheme

Approximate tenancy areas

Tenancy 1

Warehouse: 375sqm

Office: 124sqm

Mezzanine: 126.8sqm

Tenancy 2

Warehouse: 1,100sqm

Mezzanine: 180sqm

Other Information

Previous approval for an additional 638sqm warehouse (approximately). This approval has now lapsed.

Upgraded power supply

Water bore

The property is being offered for sale by 'Offers to Purchase' with a guide of high $6,000,000's