Current Income $292,928 (approximately)
The property is strategically placed in the heart of this industrial area. The property enjoys a drive through capability between Francella Street and Maces Road.
At present the property is shared between five separate tenancies. These tenancies provide a substantial retail income.
While there is potential for some short term vacancies with the lease agreements, there is income through to 31/08/2023.
The Buildings onsite are in the main timber constructed warehouse space. The total space of some 2,500sqm warehouse space build. In the main with timber there is a total of approximately 2,300sqm.
There is also a temporary office building on the site that is currently tenanted that has no DEE rating, as it is a temporary space.
The remainder of the buildings have DEE reports. 70% plus N.B.S.
This property is ideal for an owner operator or long term development / land bank