This older style factory is securely tenanted on a 2 year lease that commenced in April 2009. There are 2 two year options and the current provisions are for 5% increases for the second year of each term and market reviews at the end of each lease term.
The current nett rental is $13,230 per annum providing for a 5.9% nett return making it attractive, particularly to first time investors. For further details contact Tony Holland on 0412 031 459