Located in a prime position in Batemans Bay, this outstanding industrial property presents a rare opportunity to secure a versatile and highly sought-after asset. With a land size of 2,673sqm, this property boasts excellent parking facilities, a large building with forklift area, office, kitchenette, shower, and toilets, as well as a high carport at the side of the main building.
Currently leased by Australia Post. This property has a guaranteed income stream with current rental revenue of $165,036.22 plus GST per annum, equating to a yield of 6%. There is presently a Variation of Lease in the registration process which will extend the term to May 2029.
Industrial properties which have quality tenants and strong leases in place are in strong demand, and with a limited supply of quality industrial opportunities, and no further potential land earmarked for industrial development close to Batemans Bay, this is a unique opportunity not to be missed. If you are an investor seeking to add a good quality property to your portfolio or superfund, contact us to arrange an inspection.
Features include:
- 2673m2 of good level land
- Excellent parking facilities
- Large shed with office, kitchen, shower, and toilet
- Ducted heating and cooling
- High carport at the side of the main building
- New five-year lease expiring May 2029 (in registration process)
- Guaranteed income stream of $165,036.22 plus GST per annum with annual review of rent
- Potential yield of 6% based on current rental agreement
- The landlord pays the building insurance and land tax
- GST is collected by the landlord
- Tenant pays the outgoings (electricity, water usage and rates)
