This factory/office of 1,996m2 has been the home of Kresta Blinds for 15 years. The lease is 5 years with 5 year option. The latest lease commenced 1 Sep 2006 and expires 31 Aug 2011; with a further option of 5 years.

CURRENT NET RENT: $111,240

GROWTH: The current rent is only $56 psm whereas its current rent worth is $95 psm minimum, so it is grossly under-rented.
Additionally the value of land and buildings at the present time (on replacement) is $2.7 million. Hense, this is exceptional value for someone who is happy to landbank it into their super fund.

The yield may only be 6% but there is going to be serious catch-up built into this investment.