74 – 80 Industrial Drive, Moree is a deceased estate with vendors who are looking for a quick sale. Located within the heart of the industrial precinct of Moree, the existing tenant has been in operation from the current premises for 5 years already & has other business locations under the same entity around Australia.
TENANT: Major Metals Moree Pty Ltd
TERM: 5 + 5 years
COMMENCEMENT: 01.08.2018 + 5 year option
SECURITY: 3 months rent inc GST
GROSS INCOME: $82,245.74 p.a. + GST
OUTGOINGS: $13,097.80 p.a. + GST where applicable
NET INCOME: $69,147.94 p.a. + GST
UPSIDE: 4% annually and at the exercise of option
ANNUAL RETURN: 11.15% p.a.
The property is required to sell in 14 days by instruction from the vendor, all interest will be considered.