This property offers its new owner a multi tenanted investment that is anchored by Mclean Motors. The property is currently returning $112,678pa gross rental with net rental equivalent to $85,058pa with potential to increase the annual rental to $137,258pa.
The building is a combination of medium stud warehousing/workspace, offices with huge signage/billboard exposure opportunity.
Total floor area approximately 1544.75sqm.
With the property having exceptional street profile to Main South Road, the building has a billboard with a 50% profit share agreement that is on a month to month rollover or has the opportunity to be re-leased long term to another agency or developed to digital.
The building is accompanied by a large gravel yard that can be used for storage, car parks or can be redeveloped. The building has multiple areas enabling separated or combined area's which give the new owner the opportunity to meet tenant requirements for future leasing purposes.
For Sale by Deadline Private Treaty (3 Deans Avenue) 4pm Tuesday, 10 March (unless sold prior)
For more information, call the sole agents
236 Main South Road, HornbyOpen in map