Avondale freehold site will make most of Western Ring Route

14-18 Honan Place, Avondale.

An industrial and office centre of 2000sq m on a 3144sq m freehold site in popular Avondale is set to capitalise on the opening of the Western Ring Route.

By 2017 the route will link State Highways 16 and 20 to provide an alternative for through traffic to State Highway 1.

"The road-frontage building at 14 to 18 Honal Place is divided into two separate tenantable areas," says Harveys agent Meir Alfassi who is selling the property on behalf of Family Properties by a set-date sale (informal tender) closing at 5pm on August 20 unless sold beforehand.

"This property is set up with industrial light manufacture suburban zoning, enabling a wide range of commercial and retail uses that offer great options for investors and owner-occupiers," says Alfassi.

The road-frontage unit of 1053sq m has an office and showroom of 192sq m and a warehouse of 861sq m. The back unit is 950sq m.

"The front unit with tidy offices, good amenities and ample parking has a three-monthly temporary tenancy with rights of renewal to Eunice Taylor earning $55,000 per annum which is under market value," says Alfassi. "It would be ideal for an owner-occupier who needs about 1000sq m.

"The back tenancy has a long-term lease to anchor tenant Maida Gym of six years commencing May 2011 with two rights of renewal at $75,000 per annum net."

Built in the 1970s, the property is situated off Rosebank Rd, Avondale, which has direct access to State Highway 16 and the Great North Rd arterial route.

"Rosebank Road and its linked streets are recognised as a western regional industrial and commercial centre that accommodates an extensive range of businesses and services, making this a highly desired commercial property," Alfassi says.

The building features include three-phase 700-amp power, computer cabling, air-conditioning, fire alarm system and a high stud in the warehouse.

"Another attraction of this property, which has a large yard, is its potential as a future development site," Alfassi says.