Property ID: 17850599
Raine & Horne Commercial are pleased to present 85 Guthrie Street for sale by Offers Invited.
All the hard work has been done on this core industrial investment asset and it is now poised to reward the new owner with great potential for rental and capital growth into the future.
Recently reroofed and with common areas upgraded, most of the leases are recently renewed (to long standing tenants) and this is now a set and forget’ proposition for the medium to long term in the racehorses paddock’ that is Osborne Park.
If you’re looking for safety, security and potential, look no further.
> All upgrades done (no money to spend)
> Mulitple tenancies on staggered lease expiries (WALE of over 4 years)
> Net annual rental approximately $200,000 p.a. net, plus GST
> Land area: 3,035 m2
> Building area: 1,954 m2
> Premium located office/warehouse industrial building
> Only 5 tenancies
> Potential for strata subdivision later (depending on sewer)
> Good long term tenancies with WALE of over four (4) years
> Building has had roof replaced
> Prominent Guthrie Street location
> Close proximity to Mitchell Fwy (via Hutton st access)
> Close proximity to surrounding amenity
> Green title site
> Highly sought after industrial location
For further information or to arrange a viewing please contact the sales agents.
|Building / Floor Area||1,954 sqm|
|Land Area||3,035.0 sqm|
Raine & Horne Commercial knows local and regional property markets intimately, with the support and systems of a long-established national and international property group. Our clients benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.