Industrial investment - guaranteed rental growth


11 William Pickering Drive, Albany

By Negotiation

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Industrial investment - guaranteed rental growth | 11 William Pickering Drive, Albany | 1502458 |      X Close
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Industrial investment - guaranteed rental growth


• A standalone industrial building in a busy and popular location

• Currently returning $225,000pa + GST and outgoings with a rental increase in June 2019

• Dual site access with multiple roller doors to the warehouse and air-conditioned offices

With industrial investments hard to find, this fee simple property with development potential is worthy of your attention.

Benefiting from road frontage to William Pickering Drive as well as access off Te Kea Place, this property is situated in a highly desirable location in a tightly held estate.

Leased to Landscape Solutions Pty Limited, the secured yard area and parking at the rear of the site suits this tenant down to the ground.

With a low site coverage and rental increases due shortly, this property will be a good addition to any portfolio.

Tenancy Details:

Name of Tenant: Landscape Solutions Pty Limited

Term of Lease: Five (5) years

Commencement Date: 5th June 2017

Rights of Renewal : Three (3) further terms of five (5) years

Net Rental: $225,000pa + GST and outgoings

11 William Pickering Drive, Albany

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