Situated on a corner 2226m2 corner site facing Tindale Street and Gibla Street is this large 1080m2 building split into 8 units, many of which have their own frontage to either Tindale or Gibla Street.

The property is almost fully leased with 4 tenants occupying the 7 of the 8 tenancies. The rents are low rental rates with total rent being approximately $51,000 net with potential to go to $61,000 when unit 3 is leased, i.e. average rent is under $60/m2, so there is potential future upside.
Two of tenants occupying 3 units each are long term tenants that have been there for approx 15 years.

As there is 1080m2 of building this equates to under $880/m2 so probably the cheapest commercial building on a $/m2 basis (that is not just a tin shed).

This is a functional concrete and brick with a metal deck roof, it gives good access to each tenancy and there is good parking available.

It’s well worth a look and at under $880m/2 of building, you won’t buy greater value. The GST can be done on a going concern basis.

Contact Peter Vetten on 0403584466 your Commercial Specialist with Local Knowledge and National Strength.