NET RETURN 4.64%
Beat the banks and inflation! You can earn clear $16,270 net per year. This investment is now available for savvy investors and or owner occupiers. Dubbed one of the most sort after warehouse blocks on the northern beaches. Your tenants enjoy an elevated north facing aspect that overlooks the complex. The current tenant has been in place since 2007 and have just taken up another lease option for a further 2 years. The current tenant wishes to stay longer than their current lease provides. This investment provides investors with a secure long term tenant, but also opens the property up for owner occupiers willing to receive the income and have the flexibility to occupy in 2 years' time, or extend the current tenants lease beyond 2 years.
* Total area 73sqm
* 2 parking spaces
* 2 storerooms
* 1 Bathroom
* 4 Metre roller door access
* Loading Dock for trucks
* Elevated warehouse
* Popular Industrial Estate
* Close to shops/schools
* Current tenants been in place since 2007
* New lease option exercised November 2019
* Lease end date 13 November 2021
* Current tenant is keen to extend beyond their new 2-year option
* CPI Annual Reviews
* Water $716
* Council $1,280
* Strata $1,942
* Gross rent $20,208
Take advantage of investing in this highly sort after prime industrial estate or purchase with the view to use yourself in 2 years. This warehouse is in a popular industrial park & is a solid investment. With little supply of industrial space on the market, this opportunity won't last long for an investor or owner occupier.
Location: 'Manly Grove' is comprised of 86 industrial strata units split up into four separate blocks. Campbell Parade runs into a col-de-sac, located just off Condamine Street, providing access south to the city and north to the rest of the Northern Beaches.
**All prices are per annum and quoted areas/measurements are approximations only**
For more details, please email agent