* Land area of 2,400 sqm approx * Land zoned general industrial usage * Constructed upon the land is a high bay industrial building of 648 sqm approx comprising of units 1, 2 and 3 (18m deep x 12 m wide for each unit approximately), * All units with large roller shutter access front and rear, individual power metering, each has amenities, and Unit 1 including glass shopfront entry to air conditioned showroom area with mezzanine storage above. * In addition to the buildings the site offers associated hardstand driveways and current onsite car parking areas for 20 spaces approx plus disabled * Rear access and rear shutters to each unit * Dual drive ways * Security fenced * The plans indicate a further industrial unit of 216 sqm approx (Unit 4) can be developed, however a larger building footprint may be achieved with an amended DA plan as typical site coverage can be up to 50% buildings (STCA) * The current total rental being collected is $82,113.59 PA (GST Exc) for Units 1, 2 & 3 with 75% contribution toward Council rates * Nett income to owner is $76,000.00 PA (GST Exc) after allowing for the 25% of remaining Council Rates and Building Insurances costs (paid by Lessor). * Lease term is long term 3 year commenced 27.10.22 plus 3 year option to extend * Solid tenant in place
- Newton blinds
- local reputable company
- same blinds construction tenant in place since building constructed
- circa 2000. * High level of infrastructure and investment by lessee would suggest they are in place for the long term. * Total Council rates charges are $3,249.52 PA * if the additional 216 sqm unit is added, rental return would likely increase by a further $25,000 PA to the current performance ie: nett income to owner to increase to circa $101,000 PA ex GST * Great opportunity to extend and lease extra unit or occupy yourself, or perhaps convert to strata and sell off each unit to recoup funds * For further information please call Raine & Horne Commercial Luke Horton
- 0417 406 414 Shop 3, 136 William Street, Port Macquarie T : 02 6584 0544