The commercial property market is turning for the better and the availability of low priced (based on $ per sqm) are few and far between.

This strata unit is one such opportunity presented, and it has all elements, good bad and ugly!

Let’s deal with the bad and ugly first, it needs some TLC, is an older style building and is located as a rear unit.

The good is that it only sits in between 2 other warehouses with a generous sized laneway together with parking space available directly in front of it.

It is a large 483sqm, high truss, wide sliding roller door warehouse in an open plan configuration with some internal cool room panelling that can either be converted to an office or upgraded to suit your particular business.

Investors note, you don’t need a high rental rate here to turn this building into a cash flow positive investment, around $80sqm which is under the market would get you close to a 7% net yield on the asking price of $559,000 plus GST.

Owner Occupiers note, the Investors formula will work for you too, don’t pay rent but if you want to in the short term, we may be able to strike a lease / buy deal with the Seller in the short term.

I would encourage your immediate contact to discuss further by contacting Maurice Oteri on 0409 885 577 or Steve Michael on 0400 133 016

Winners of the REIWA Commercial Agency for Excellence Award 2006 & 2007