5 Mcgibbony Court Ararat VIC 3377

• Immense Development Upside
• Reliable Passive Income Stream

Nutrien Harcourts Ararat is excited to present to market this exciting investment/development opportunity. The asset consists of 27 storage sheds that are currently at 100% occupancy. There are preliminary design plans for an additional 27 sheds which can be provided on request.

There is strong demand for storage at present due to the region's thriving resource industry.

The development upside of this asset, and it's reliable and robust passive income stream should provide security to the potential investor.

Highlights:

- $33,012.51 gross rent last 12 months
- 1612m2 (approx.) Allotment with 40m2 (approx.) street frontage
- 27 storage sheds at 100% occupancy
- 2 different sized sheds
- Excellent development upside with preliminary plans for an additional 27 (STCA) on adjoining land that's included in sale
- Strong demand for storage at present due to the solid resource industry and local or interstate relocation
- Durable construction
- Secure locking mechanisms
- Currently managed by Nutrien Harcourts Ararat