Property listing ID: 72414
This is one of those industrial investment properties that is not incredibly flashy but it does all the basics and does them very well. It is a large, profile, Rosebank Road frontage site running through to the harbour reserve which has two clear building structures and two significant tenants on longer term leases. The Rosebank industrial area has evolved in recent years, away from it's manufacturing base, to become a significant provider of services to the central city and fringe. This due to the continual squeeze on the immediate fringe suburbs from the residential intensification. The location and desirability for businesses is only going to improve further with the soon to be completed Waterview junction portion of the Western Ring Route. This investment will be a solid performer and provide a very competitive return in the current market. • Large land holding of 6,928m² • Buildings of 5,398m² • Two long term tenants returning $453,495 per annum net + gst • Guaranteed rental growth set in the leases • Excellent seismic report, all structures in excess of 80% NBS
Listed by Barfoot & Thompson , John Stringer (City Commercial) , Murray Tomlinson (City Commercial)