Rare Industrial Investment, 6% + Net Yield, Security Of Tenure
– 5 year lease commenced, 1st May 2019 with 2×5 year options.
– Current rent $97,500*pa, 3% fixed annual increases.
– Tenant pays 100% of all building outgoings.
– 2730m2*, Industrial 1 zoned site with 50m frontage to Phoenix Street, hard stand yard and car parking.
– Total building area 1350m2* includes mezzanine, 3 phase power, high clearance roller doors, 2x overhead cranes, retail area and amenities.
– Rare opportunity to purchase a securely leased investment in a tightly held industrial precinct.
- Land is 2,730 m²
- Floor Area is 1,350 m²