The site comprises the two freehold titles divided by a sealed bitumen road (which access rear tenancies), with extensive shedding on each title, with the Tenancies facing Hill Street having showroom/office space.
All shedding is of galvanised iron construction, with concrete floors and power connected.
Net rental of $65,040 per annum plus GST and outgoings.
The property is extremely well managed and maintained and presents to a high standard. Tenants are in the main, very long term and have enjoyed a very strong relationship with the Landlord.
The strength of tenure goes to underpin the value of this investment. The combination of having a prime location, excellent management, quality Tenants, housed within an “in demand” facility, make this a very hard to beat investment opportunity.
This is the first time this holding has been offered for sale being held by the current owners since 1986. Information Memorandum available on request.
Form 1 and Section 7 statements