Beat the banks and inflation with this set and forget investment! You can earn clear $16,495 net per year as well as enjoy the capital growth. This investment is now available for savvy investors and or owner occupiers. Dubbed one of the most sorts after warehouse blocks on the northern beaches. The current tenant has been leasing this property F4 for over 16 years and has a lease in place until November 2023 with a further 2-year option. The property is currently being used as a storeroom that feeds filtered water through to E5 for bottling and distribution. E5 has also been leased by this tenant for the same length of time.
This investment provides investors with a secure long-term tenant, but also opens the property up for owner occupiers willing to receive the income and have the flexibility to occupy in 3 years' time or extend the current tenants lease beyond 2025.
* Total area 60sqm
* 1 parking space
* 1 store room/office
* 3.2x3.2 metre roller door access
* Popular industrial estate
* 1 bathroom
* Close to shops/schools
* Current tenants been in place since 15/11/2005
* Lease end date 13/11/2023 with a further 2-year option
* CPI Annual Reviews
* Water $591
* Council $1,297
* Strata $1,805
* Gross rent $20,189
Take advantage of investing in this highly sort after prime industrial estate or purchase with the view to use yourself in 2 years. This warehouse is in a popular industrial park & is a solid investment. With little supply of industrial space on the market, this opportunity won't last long for an investor or owner occupier.
'Manly Grove' is comprised of 86 industrial strata units split up into four separate blocks. Campbell Parade runs into a col-de-sac, located just off Condamine Street, providing access south to the city and north to the rest of the Northern Beaches.
**All rentals are per annum and quoted areas/measurements are approximations only**
