To be sold by Deadline Private Treaty, closing 4:00pm, Wednesday 11 March 2020, L3/50 Kitchener Street, City Centre (unless sold prior).
The building sits on a large freehold corner site and presents well from the wide road frontage. Located to the front of the site, a large drive through customer car park provides 50 spaces with an additional nine spaces to the southern boundary.
This modern bulk retail building was constructed in 1991 and comprises mainly high stud retail space split into two tenancies both with associated office, amenities, rear warehouse/storage areas and loading docks. The rear of each tenancy features high stud warehouse/storage areas leading to individual cart docks with full height roller doors and secure yard.
KE FEATURES: • Two established tenants returning $515,445 per annum net with built in rental growth • Built in 1991 with an NBS rating of 100%, high stud retail space with individual loading bays • Large prominent freehold corner site, approximately 4,497m² of land and 59 car parks • Future potential upside with zoning allowing mixed use development up to 72m²
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