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High Yielding Investment - circa 7.33% Net

15 - 19 Garden Street, MORWELL VIC, 3840

Sold

Property Sold in 15 - 19 Garden Street, MORWELL VIC, 3840

Wilson Property RCI

25 Hotham Street, Traralgon, VIC 3844

Listing ID:
11351995
Status:
Sold
Price:
Contact Agent
Last Updated:
17/09/2019
Icon building

Property Type

Industrial/Warehouse
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Land Area

3020 SQM
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Floor Area

1181 SQM
Icon parking

Parking

N/A

High Yielding Investment - circa 7.33% Net

- New 5 year lease commenced 1st February, 2019 with 2 further 5 year options
- Current rent $73,000 per annum with 1.5% fixed annual increases
- Tenant pays all usual outgoings
- 3 titles located within a well established industrial estate
- Industrial 3 Zoning (IN3Z)
- Site area 3,020m2*, comprising 2 x industrial factories, one including reception, display area, office and staff amenities
- Total building area 1,181m2*

Tenant: Latrobe Valley Bandag: provide Tyre Retreading, Recapping, Tyre Sales and Servicing. Business has operated since 1979 in this location.

*approx.

For more details, please email agent

Wilson Property RCI

25 Hotham Street, Traralgon, VIC 3844


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