Property listing ID: 4026757
Barfoot & Thompson Commercial are pleased to bring to the market this immaculate investment property which ticks all of the boxes for the astute investor. Tenanted investment, five year lease at $150k++, with regular built-in rental increases. Low-maintenance building. tenant has lodged substantial cash bond. For sale at 6.5%. PROPERTY HIGHLIGHTS: • Standalone property • Freehold title - site of 1,619m² (more or less) • Tenanted with long lease terms of 5x5x5 • Reviews and rental increases in place • Fully fenced and gated • Immaculate and tidy property • Dual front-facing roller doors • Secure front yard area of 450m² (approximately) • Zoned Business - Metropolitan Centre • Low ratio of office/amenities to warehouse • Lease on a net income of $150,000 per annum + OPEX and GST • Invest and collect the rent • IEP at 70% NBS • Open-plan warehouse with a total area of 920m² (more or less) • Near new roof (approximately three years old) This is everything the bank will ask for. Please contact the listing agent for more information and a viewing.
Listed by Barfoot & Thompson , Meir Alfassi (City Commercial)