Here is an opportunity to invest in Evans Head with 2 lots of potential upside. The block is 1296m2, and the existing fence can be moved to create an extra approx 600m2 to build strata titled storage facilities. An added bonus is the 2 extra coolrooms not being used, by the existing tenant. One is fridge and the other is freezer, some maintenance on the refrigeration will be needed to facilitate using them.
At present the lease is a 3 X 3 and brings in $1,726.80 per month with annual increases of 2.5%, outgoings are paid by the tenant and a full overhaul on existing refrigeration has been completed to ensure reliability.
With the memorial Aerodrome Museum opened to the public and plans still pushing ahead for the Airpark the need for storage for aeronautical facilities could increase in the future and this block is in a prime location being the closest existing industrial block to the airport.
Finding an investment in Evans Head that returns over 5% with potential to increase that substantially is not easy.
Call Brody Aleckson today to find out more details on 0428 661 402.