Tenanted by Stevens Constructions – when the builder takes a lease, you know it’s been well built. Stevens Constructions have a very strong name within the commercial building and construction industry and have remained tenants within the building since completion. With 215m2 of office suite and extensive fit out, there are very good signs to suggest that Stevens Constructions may be staying for a while longer. The current lease commenced 14/12/2007 on a 3 year + 3 year basis with rental being $59,125. Net commencing yield 8.75% net from day 1.
The leases are fully net leases and personally guaranteed in conjunction with a rental bond.
Excellent property and tenant with income, location, depreciation and good onsite parking.