Introducing a solid industrial asset which presents a lucrative investment opportunity. This property boasts four tenancies, three of which are lease, generating a gross income of $273,690* per annum. Strategically positioned in a highly sought-after central location, it offers convenience and accessibility to various amenities and transportation networks.
With a site area spanning 7624.83sqm* and a total ground floor build area of 2,031sqm*, this property holds immense potential for redevelopment. Zoned E4 General Industrial, it provides a versatile platform for expansion or transformation to maximize returns.
The existing rental income provides a solid foundation with considerable upside in both rent and the potential for redevelopment. Whether for expansion, modernization, or reconfiguration, this property offers numerous possibilities to enhance its value and yield higher returns on investment.
- Site area 7,624.83sqm*
- Current gross income of $273,690* per annum plus GST
- Wale 2.33 years
- Building area 2,796sqm*
- Zoned E4 General Industrial
*Approximately
Outlines are indicative only