OVERVIEW

Located prominently on busy Flores Road, this multi-faceted property boasts solid tilt-panel construction, with a neat facade, with additional shed space at the rear. Multiple long-term tenants are in place, with a variety of tenancy types, making the property a very versatile proposition.

There are four tenancies in the main building which totals approx. 1060m2, with large plate glass windows, double entry doors with electronic locks, and verandah coverage.

There is a further 540m2 approx. in shed space at the rear, which is currently configured as two separate tenancies, but could be split into a third. (Giving seven total possible tenancies.)

The yards are asphalt, with neat low maintenance gardens. Client parking is provided at the front, staff parking at the rear. Included in the sale is the optional assignment of a long-term lease on the neighbouring right of way, which currently serves as overflow parking, and access to railway reserve land which could potentially be purchased if & when disposed of.

This property is offered for sale Freehold Only - Suit buyers in the high $1M's

LEASE DETAILS
Current Gross Rent Income: $180,000pa + GST approx.
Variable Outgoings: $39,866pa approx.
Current Net Rent Income: $140,134pa + GST approx.
Potential Net Rent Realisation: $150,500pa + GST approx.*

Expressions of Interest invited. Further lease details can be provided to qualified buyers. Contact Matt Poynton on 0437 770 3... to discuss.

*Potential rent forecast based on market appraisal of vacant tenancies. Buyers should do their own due diligence and risk assessment.