Move in now and start operating your business. The property has a Development Approval for Industrial Storage and or a Transport Facility.
This 11,600m2 or nearly 3 acres property is ideal for your business and has huge upside should you wish to development the property further.
A simple 3 Step Development and reap the huge rewards.
Step 1: Do nothing as its rented at $1,000 a week until 14th of September 2014. ThatAaas a 6.5% gross return on your $800k.
Step 2: Fence and gravel hard stand the block and it should lease for $100,000 per yearAaAa This could return you a 10% Net Return.
Step 3: Turbo Charge this project and build a 500m2 shed and it should rent for approx $180,000 per year. Now thatAaas an impressive return on your investment.
PROPERTY FEATURES:
Solid 3 bedroom brick home would make an ideal managers quarters.
Brick granny flat with kitchenette, shower and toilet could be you new office.
The shed is approx 15m x 8m and high internal roof which could be left as is or renovate and create an quality office building.
Opportunities galore here for the astute buyer.
You may even be able to purchase and fund this property with a smaller deposit than you think.
To discuss the various options, call Bruce Holmes 4669 1790 or 0402 348 695