74-80 Industrial Drive, MOREE, 2400, New South Wales

  • 34540sqm

Subject: 74-80 Industrial Drive, MOREE, 2400, New South Wales




Property ID: 19623826

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.


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