Land Area: 516sqm (more or less) freehold site
Location: Popular city fringe location with easy access to main roads
Passing Income: $44,330 per annum + GST and outgoings
Zoning: Commercial Zoning providing for a wide range of uses
An excellent opportunity for investors to purchase an affordable commercial property leased to a reputable tenant. Comprising a 516sqm (more or less) commercial parcel of land and with a 340sqm (approximately) building, this sought-after city fringe location is a popular destination for commercial and light industrial tenants with its ease of access to the motorway and main arterial routes.
Favourable lease terms include market rent reviews every two years and tenure out to 2030 should all rights of renewal be executed. Savvy investors will recognise the potential for future rental upside underpinned by strong tenant demand in this area.
Call Ryan or Brendon for an info pack today!