Secure Commercial Investment For Sale At 8% Yield
Woodside North Crash Repairs, are seeking a Sale and Lease-back of their property.
Their business will be unaffected.
The freehold of the property is offered for sale with the benefit of a new lease returning a net initial yield of 8% per annum, based on a purchase price within the range of $650,000 to $700,000.
Key Features of this Investment Opportunity are:
- Secure tenant – an established business trading for 32 years
- Frontage to busy main road
- Commercial Zoning surrounded by other commercial properties
- Policy Area 23 (Extension Policy Area) within Country Township (Woodside) Zone, Adelaide Hills Council
- Approx 1,800 sq.m. site, including two main workshop buildings
Details of the new Commercial Lease:
- A new 5 year term with two renewal options of 5 years each
- The commencing rent will be based on 8% of the purchase price
- All outgoings apart from Land Tax to be on-charged to the tenant
- Rent is paid monthly in advance
- Rent is reviewed annually to CPI All Adelaide Groups (Consumer Price Index)
- Rent is adjusted to Market level at the commencement of each renewal term (ie. every 5 years)
Property Features
Workshop 1, at front of site:
- Approx area of 2m x 12m
- Includes two offices
- Reverse cycle split system air conditioner
- 3 phase power
- Evaporative cooling system
- Ceiling fans
Workshop 2, at rear of site:
- Main area of approx 22m x 15m
- Additional lean-to section at the rear of approx 2m x 15m
- Covered verandah area of approx 7m x 12m
- Eaves height to main workshop area of approx 4.9m
- 3 phase power
- WC, shower, hot water system
- Paint store within a solid brick built section with a concrete roof
Mains water connection
EPA approved wash down facility
Grease arrestor and holding tank
Fixtures and fittings associated with the business are not included as part of the sale.