A fantastic opportunity to purchase a lease hold investment in the heart of the Mount industrial market.
This property is leased on a new 3 year lease with ROR, showing a net rental after ground lease costs of $36,500 + GST + Opex.
The building is located in the popular Lambert industrial park a very central Mount location and offers a high stud warehouse with ground floor reception and first level offices.
A investment priced below replacement value. The ground rental is 20 year perpetually renewable terms.
Features:
* Leasehold investment ground rental $13,500 (subject to land rent reviews)
* 7% return net rental income $36,500
* Total building area 317sqm
* Modern warehouse and office
* 4 exclusive carparks and short term visitor carparks
* Asking price of $521,428 + GST (if any)
* 3 year lease + ROR from July 2024
