SOLD

This is an amazing opportunity for any wise investor to understand how significant this sale is. With a strong 15 (5x5x5) year lease currently generating an income of $154,500 + GST + Outgoings only in its second year of its first term plus a further 3% increase year on year. This tenant is very well setup in this property and is very successful in their own right, taking note for investment that they are in an essential services space and are not impacted by the COVID 19 pandemic. You won't be disappointed parking your money here. The estimated value to re-establish the buildings on this site are approximately $2.4M and it would be very difficult to replicate this setup if land was purchased prior to development. Located in an excellent well established part of Lonsdale and Adelaide CBD is only just over 20kms away.

A lot has been completed to this site to achieve such a strong lease which includes the following:

* Full electrical rewiring of the factories, including three phase power
* Bringing fire safety measures into compliance
* Removal of dense vegetation on the rear of the site
* Levelling the site through thousands of tonnes of soil and then compacting the surface
* Renovating the external walls of the office (addressing Sherriffs Road West) to modernise the façade
* Renovating the office spaces to bring to a professional standard
* Fencing along shared boundary replaced
* Security system and monitored CCTV and alarms installed
* High quality LED light tower installed to illuminate the rear yard, facilitating night shift movements as required
* Complete removal of all asbestos from the site - including factory walls and roofing

Be quick to enquire!