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

  • 34540sqm
26607871.full

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

Sold

Sold

DECEASED ESTATE SALE REQUIRED IN 14 DAYS

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.

Building / Floor Area34,540 sqm
TenantedYes

Why Raine & Horne Commercial?

Our full-service commercial real estate network can provide in-depth knowledge of local and regional property markets, with insight and understanding that comes from being a part of a long-established national and international property group. Committed to personalised service and achieving unsurpassed results, our clients continue to benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.

The Raine & Horne Commercial network is comprised of 100% owner-managed offices and includes numerous industry leaders and award winners. We employ agents who are empowered, encouraged to share and who maintain first rate communication to deliver the best possible outcome with every transaction. We pride ourselves on staying abreast of local and national trends and developments in the property industry, resulting in consistently cutting-edge services and holistic solutions for our clients.

Our industry experts embody and respect the family-oriented values synonymous with the Raine & Horne Commercial brand, allowing us to provide a complete range of professional services for all aspects of commercial, industrial, retail sales, leasing and specialist properties.