The property is located on the Eastern side of Victoria Avenue Castle Hill and can be accessed via Salisbury or Hoyle Avenue intersections. The property is within close proximity of the M2 motorway, Westlink M7, Norwest Business Park, transport and all shops and amenities which Castle Hill has to offer.

Freestanding corporate industrial facility for sale as a leased investment. The property which faces Hoyle Avenue Castle Hill comprises approximately 1,886 sqm of high bay, clear span warehouse accommodation along with 790sqm (approx) of quality corporate office and amenities fitted out to a first class standard. The warehouse is accessed via 2 on-grade roller shutter doors capable of container access.

Investment Details

Tenant Jireh Warehouse and Distribution Pty Ltd - trading as Gloria Jean's Coffees.

Lease Term Five (5) Years (Expires October 2014) + Five (5) year option

Passing Rent $321,000 p.a. (net) – outgoings paid by the tenant (approx)

Annual Increase Fixed 3.5% p.a.

Guarantee 6 Months Gross Rent

Comments:

Superb corporate industrial investment located in a highly sought after location. The investment presents excellent value for discerning investors and is within an affordable and sought after price range.

Auction date: Wednesday, 24th March 2010 at 10.30am

Auction venue: Level 1, 55 Harrington St, Sydney (The Rocks)

For more information, please contact:

Greg Pike on 0416 065 9... or

Andrew Maher on 0419 998 238