Rock Solid, High Yielding Investment
Securely let by the reputable Arcadia Built Pty Ltd (formerly Wolfdene built) since the property was completed in 2014.
Managed by Nichols Crowder, the tenants have been faultless and have made significant charitable donations through the directors involvement as board members of the Wolfdene Foundation and their “Project28”.
Arcadia recently renewed their tenancy for a further 5 years which commenced August 2019 with the option of an additional 5 year term.
Currently returning $64,375 per annum + GST and 100% of all building outgoings. The lease provides for annual 3.5% fixed rental increases and the rental return will be $66,628 + GST and outgoings by the time the property settles (assuming 60 day settlement).
Fronting on to Access Way the total building area is 602sqm* which includes 140sqm* of airconditioned/heated offices and is located behind full permitter fencing with motorised gates.
For further information or to receive a copy of the section 32 and lease agreement contact:
Josh Monks – 0409 335 179
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
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