Set in a vibrant industrial precinct in Eastern Sale is this substantial freehold that has a long standing in occupation and a new five-year lease in place.
The lease period is from the 17/2/2018 until 17/2/2023 with a current rental of $19,499.97PA plus GST & outgoings and annual CPI increases. This represents a yield of 6.5% which is solid in the market place and the bonus of a strong lease.
The facility is quite substantial with land area in the region of 1399sqm with ample hard stand and parking area. High clearance workshop 450sqm (approx.) and a separate office area 950sqm) approx.
Large property! Solid tenant! Strong yield!
Enquire today and make it happen.