Property listing ID: 64209
This property is well situated in the popular Airport Oaks industrial area, home to many of Australasia's largest logistics and customs companies; only a short distance from the airport, with excellent access to SH1 and SH20, linking the CBD to the southern corridor. Freehold properties in this area are difficult to acquire as Airport Oaks is a popular investment location for several publicly listed property funds and larger investors who consider this location as a long term hold proposition. The property comprises 1870m² of land fronting Andrew Baxter Drive. The frontage measures 35.7m and has dual access. The site has perimeter electric fencing and security lighting. The building comprises a single story warehouse and associated offices to the front over two levels. On-site parking is provided and dual ingress/egress to the warehouse via truck roller doors either side if the offices. The main warehouse space is open plan with a good supply of high bay lighting supplemented by translucent roof sheathing. At both sides of the front western elevation are motorised roller doors giving direct access from the front yard to the warehouse. The ground floor offices are mainly open plan with two partitioned offices. The first floor offices comprise three offices with the remaining space being open plan. The existing lease term runs to September 2018. Current rental income is $138,000 + GST p.a, all outgoings are paid by the tenant. KEY FEATURES: • Land: 1870sqm, zoned Business 5 • Buildings: Warehouse 922sqm, offices 314sqm • Rental income: $138,000 pa + GST (outgoings paid by tenant) • Lease term: 5 yrs from Sept 2013 with 2 x 5 yr rights of renewal.
Listed by Barfoot & Thompson , City Commercial Commercial (City Commercial)