Prime industrial investment


11 Turanga Place, Turangi

By Negotiation

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Prime industrial investment | 11 Turanga Place, Turangi | 2701079 |      X Close
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Description

Prime industrial investment


- 12 year lease term remaining to regional brand tenant including rights of renewal.

- Returning $24,150 p.a. + GST and outgoings.

- Remotely manage your investment opportunity.

Located in the heart of the Turangi's light industrial area. This central location is just off state Highway 41 encompassing 1157sqm (more or less) of freehold land and 288sqm (more or less) approximately building.

Low maintenance building with zincalume cladding, aluminium joinery and concrete floors featuring three office spaces, a kitchen, a toilet, a store room, a warehouse - all with good lighting, a roller door with paved entrance and emergency door. It is also security fenced with a gated lockup.

With a long term lease in place to a strong regional tenant - it is an ideal passive investment that should not be missed. Chattels include a heat pump and fixed floor coverings.

Inviting interest of offers over $550,000 plus GST (if any).

Property details

Land area: 1157sqm (more or less)

Floor area: 288sqm (more or less)

Zoning: Industrial

Tenancy details

Tenant: The Lines Company

Term of lease: 3 years

Commencement date: 1 February 2020

Rights of Renewal: Three (3) rights of three (3) years each

Final lease expiry: 31 January 2032.

Net rental $24,150 p.a. + GST and outgoings

Maurice Heappey

Turangi

Licensed under the REA Act 2008

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Doug Montgomery

Turangi

Licensed under the REA Act 2008

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11 Turanga Place, Turangi

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Maurice Heappey

Turangi

Licensed under the REA Act 2008

View profile

Doug Montgomery

Turangi

Licensed under the REA Act 2008

View profile