100% occupied and income producing - Multi-tenant Industrial Investment Opportunity
Multi-tenant industrial site with nine (9) income streams
A variety of occupants which also include an Optus + Telstra tower leases, whom have been onsite for over 17 years and currently under the balance of a 5 year term. (Substantial capital investment in tower by telstra with obligations to be removed when they vacate – given the increasing importance of telecommunications, it would appear unlikely to vacate any time soon)
Most Tenants on new three (3) years leases
Low maintenance industrial construction, being brick, Hebal panel and sheet metal
Easily managed industrial investment property.
Secure diverse income stream.
Freehold title with land area of 1,471 sqm approx
Improvements include just under 700 Sqm of warehouse/office + awning and washdown pit area, grease trap and food approvals on tenancy 1.
Gross income circa $123,000 PA GST Exc.
Outgoings comprising council rates, building insurances, commercial property management, water charges, lawns maintenance and fire compliance cost are circa $17,600 PA GST Exc.
Current fire compliance, and modern electrical board
Nothing to spend
Nett income = $105,400 PA GST Exc. approx
Asking $1.815 million No GST applies. – just under 6% nett income return on purchase price