$412,500

Long term tenant has committed for another 3 years.
Have been a tenant from 2013.
Current Lease to 30th of October 2022.
Current rent is $45,000 P/A + Management Fee + GST
Net Approx $39,000
Owner pays council rates and insurance.

The land area is 1,881m2
Bitumen sealed for low maintenance
Security fenced with double gates

The building is approx 360m2 being 24m x 15m
Front office/reception, laboratory and a brand new 6 m x 4m staff room / training room installed at commencement of current lease, all air conditioned.
Disabled shower and toilet facilities
Mezzanine floor over old offices.
Insul-blanket installed to roof
Two roller doors
Ample parking at the rear of building.

At the list priced of $450,000 and an estimated $39,000 Net = Approx 8.7% Net Return.

With Bank Interest rates at all time lows this property will preform.
Ideal first time industrial investment for even your SMSF.

An more information or to inspect of this property phone Exclusive Agent Warren Daniells on 0427 468 591.

NB: Prospective purchasers should satisfy themselves by inspection or otherwise as to the accuracy of the above details.