Building and Land Only
Situated on Copinger Road, this strategically located property presents an exceptional investment opportunity. Nestled in close proximity to the Pirie CBD, this property benefits from its prime position within a bustling industrial area, surrounded by established businesses. Currently, it is home to a reputable business that is on a fixed 2-year lease, with a right of renewal for an additional 2 + 2 + 2 + 2 years, generating an impressive rental income of $60,000 plus GST per annum plus outgoings.
The property spans a substantial 5600 sqm parcel of land and features multiple shedding options (over 1,000 square meters of combined shedding), equipped with electricity, concrete flooring and 3 phase power. The site is fully fenced, ensuring security and privacy for the tenant. With four street frontages, it offers excellent visibility and accessibility.
Inside, the facility is well-appointed with a comprehensive office area, including five offices, a boardroom, and printing rooms, complemented by a kitchenette. Additionally, the property includes a crib room, washrooms, and bathroom facilities, making it fully functional for various business needs.
Notable Features:
- Strategic Location: Close to Pirie CBD, in a thriving industrial area
- Investment Opportunity: Current leased with reputable tenant, generating $60K p.a. plus GST plus outgoings
- Flexible Lease Terms: Fixed 2-year lease with options for 2 + 2 + 2 + 2 years renewal with CPI increase each year
- Large Land Parcel: 5600 sqm
- Multiple Shedding: Includes electricity and some with concrete flooring (over 1,000 square meters)
- 3 phase power
- Fully Fenced: Ensures security and privacy
- Four Street Frontages: Enhances visibility and accessibility
- Comprehensive Office Facilities: Includes 5 offices, a boardroom, printing rooms and reception area
- Additional Amenities: Crib room, washrooms, and bathroom facilities
- Zoned Industrial: Ideal for industrial or business use
For further details, including access to an information memorandum, please reach out.
Expressions of Interest are closing on the Friday 27th of September 2024.
RLA 172 571
Property Code: 3933
