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High Yielding Industrial Investment - Secure Leases To Te...

2 Doric Court, QUOIBA TAS, 7310

For Sale

Property for Sale in 2 Doric Court, QUOIBA TAS, 7310

Listing ID:
11327265
Status:
Active
For:
Sale
Price:
SOLD
Last Updated:
16/05/2019
Icon building

Property Type

Industrial/Warehouse
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Land Area

5003 SQM
Icon size

Floor Area

1835 SQM
Icon parking

Parking

0

High Yielding Industrial Investment - Secure Leases To Telstra & Doric Engineering

An exceptional investment opportunity generating solid rent return of $47000 p.a net, underpinned by a long term ground lease (mobile phone tower) to Telstra:
- 10 year term to 2023 plus options to 2038
- current rent $15000 p.a excl. of GST paid yearly in advance
- 4% annual reviews
Balance of property is under lease to innovative manufacturer and supplier of specialist
mining and logistics equipment Doric Engineering :
- Renewed 4 year term to 2023 plus option to 2027
- Rent $32,000 p.a excl. of GST (1 July 2019)
- CPI annual reviews

Land area 5003 sqms
Building area approx. 1835 sqms

Contact Ian Singline for further details.

For more details, please email agent

Shepherd & Heap

49 Cameron Street, Launceston, TAS 7250


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