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Excellent Warehouse, Excellent Tenant, Prime Investment O...

2 Rabaul Place, WAGGA WAGGA NSW, 2650

For Sale

Property for Sale in 2 Rabaul Place, WAGGA WAGGA NSW, 2650

Listing ID:
11316589
Status:
Active
For:
Sale
Price:
$1,950,000 plus GST if applicable
Last Updated:
30/08/2019
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Property Type

Industrial/Warehouse/Retail
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Land Area

4130 SQM
Icon size

Floor Area

1984 SQM
Icon parking

Parking

N/A

Excellent Warehouse, Excellent Tenant, Prime Investment Opportunity!

Currently leased for 3 years with a 3 year option and a passing rental of $153,309.00 + GST per annum.
The lease commenced 1st January 2018. Lessee pays all outgoings except building insurance.

Location:
The property is located in the western industrial precinct approximately 4km west of the CBD. Rabaul Place provides access onto Dobney Ave which joins with the intersection of the Olympic and Sturt Highways at Edward Street. The area is dominated by car dealerships, automotive trades, bulky goods depots and light industrial land uses.

Area:
The property is a rectangular allotment with a frontage towards Urana Street of 41.7 m and frontage to Rabaul place of 79.5 m. Build area of approx. 1984 sqm and land area of approx. 4130 sqm.

Zoning:
IN2 - Light Industrial

Improvements:
The main building features a brick façade and is constructed from steel and iron with a concrete floor suitable for this style of industrial use. The rear brick wall of the main warehouse is on the southern boundary and the overall building area is 1924sqm.

The clear span warehouse is set up for efficient distribution of plaster building products and has offices at the front and within the warehouse area. The front offices consist of plaster lined walls, ceiling and fluorescent lighting. The office section also includes male and female amenities and separate breakout room. The upstairs mezzanine office area consists of 6 offices, board room and breakout room with veranda platform into the warehouse area.

The warehouse area benefits from high ceilings with a clear wide span. The rear section benefits greatly with drive through truck access.

To the east is a separate iron storage shed of 160 sqm. The area between consists of concrete hardstand and driveway onto Rabaul Place. The property is securely fenced.

All areas are approximate and subject to purchaser verification.

**inspections by appointment only**

Price:
$1,950,000.00

All areas and figures approximate only. All precautions have been taken to establish the accuracy of the above information, but does not constitute any representation by the Agent of Vendor. All of the information contained in this document is from sources the Agent and Vendor believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

For more details, please email agent


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