20 Grieve Road,
West Gosford, NSW 2250
AUCTION 26/06/20 Contact Karen Aubrey for details
Key property information
Contact agent to confirm the time and location
to arrange a private inspection.
Map of 20 Grieve Road
AUCTION - FREEHOLD TENANTED INVESTMENT
The total building area is approx. 618m2 and comprises of two separate warehouses with two separate tenancies in place.
Zoned IN1 General Industrial and positioned at the end of Grieve Road, West Gosford in the heart of the Industrial precinct.
Unit 1 has open warehouse space with amenities at the rear and mezzanine offices above.
Unit 2 is also an open warehouse with additional internal roller door, office and amenities at the front with storage mezzanine above.
A concrete hardstand and parking area is located to the front of the building.
The units are leased on a Gross rental basis of $26,004.00 Gross per annum + GST and $28,007.76 Gross per annum + GST, respectively with 3% annual increases. Both leases expire on 14 September 2021, however both tenants are established and keen to stay on.
There is potential for a rental increase following expiry of these leases to improve the net yield as they are currently rented slightly under market value.
Handy location with services and other businesses close by and only a few minutes into Gosford CBD.
TO BE AUCTIONED 26th June ,2020 @ 11am
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Property ID: 503555318Last Updated: 29 May 2020