Prime strata titled warehouse with excellent street frontage leased to a very strong long term tenant.
Street level walkway leads to a large office area consisting of executive offices, boardroom, lunch room and amenities.
Downstairs consist of factory area of approximately 836m2 fitted out for the current tenant.
Electricity power, sub station on site make this property suitable for even the largest electricity power users.
Tenant has been occupying premises for many years with extension of option due now.
Lease details are:
Term: 3 years 3 year option
Commenced: February 2009
Rent: $118,886 per annum excluding GST
Outgoings: Council rates and Water rates
Increases: CPI annually
Investors should inspect this property without delay.
Property Bank. If you will need to expand in the future, to a building with large power capacity then this may be an alternative solution as well as receiving an excellent return on your investment.
Current yield: 9% nett per annum
Area: 1,047 sqm
11 car parking spaces
Office Space: 202sqm
Factory / Warehouse: 836sqm
Entry bridge: 9sqm
