Global Tenanted Investment
Nichols Crowder is delighted to offer for sale by Expression of Interest this long term, securely leased pair of office/warehouses. Leased to the same tenants for the past 14 years, they’ve both been faultless.
With their businesses expanding 360 Energy will be moving to a new location and the global business, Reggiana Riduttor (RR Pacific) will expand into the entire property under a new year four (4) year lease agreement from May 2022.
The total rental return from June next year will be $86,600 (net) p.a. + GST and the current rent is $84,246 (net) + GST. In addition to the rental the tenants are also responsible for 100% of the building outgoings.
The properties are in the Eastlink Business Park which has a near 100% occupancy rate which is testament to the popularity of the location.
Key features include:
* Total Building area: 865sqm*
* Unit 1: 399sqm*
* Unit 2: 466sqm*
* Modern designs with construction of precast concrete panel
* Each warehouse with air conditioned/heated offices
* Separate partitioned tea room and amenities blocks
* Fully fenced with street frontage ideal for large vehicles
* High clear span warehouses
* 13 off street parking spaces (two undercover)
All expressions of interest are due before Friday 03rd December at 1pm.
To obtain further information or to receive a copy of the Contract of Sale, Vendor Statement or to arrange an inspection, please contact Joshua Monks.
* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.