Positioned within Pandora’s established industrial precinct, 84 Thames Street presents an opportunity to secure a substantial Main Industrial zoned landholding with an established ground rental income.
The property comprises approximately 2,890m² of level land with approximately 57 metres of frontage to Thames Street.
The land is subject to a 21-year perpetually renewable ground lease commencing 30 September 2023, with seven-yearly market rent reviews. The current ground rental is $68,400 + GST per annum.
The lessee owns all improvements situated on the land and is responsible for their maintenance and condition, providing the lessor with a straightforward land-based investment.
Key features:
- 2,890m² landholding
- $68,400 + GST p.a. ground rental
- 21-year perpetually renewable ground lease
- Seven-yearly market rent reviews
- Main Industrial zoning
- Approximately 57m street frontage
- Lessee owns and maintains all improvements
- Established Pandora industrial location
