When you start the search for a commercial investment, your number 1 priority is securing the perfect tenant! Well with Lawrence & Hanson as the sitting tenant since 1989 you are well on your way to the best investment you can secure.
L&H are part of the global powerhouse The Sonepar Group and have an impressive presence in the local area.
There is a new 5 year lease in place up until 1/2/2025 with annual CPI increases and additional 5 year option taking the tenancy up to 2030.
The current rental is $58,972.56 P/A plus GST and all outgoings paid by the tenants, which provides you with a strong 5.36% net yield. Much better than sitting it in the bank!
This impressive facility has been well maintained over the years, with a new roof and increased set down area completed over the journey.
The site has a wide frontage of 27.5M and total area in the region 0f 1109sqm, with the workshop offering 603sqm incorporating substantial showroom/warehousing area, offices, storeroom and staff amenities. The balance of land is set out to fully enclosed secure hard stand.
This is the perfect investment opportunity that you should not miss!

For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist
Or call us on (03) 5144 4333