Located in Collins Street, Kangaroo Flat, this property is showing an excellent return of 7.86% based on the current rent.
On offer is a substantial complex comprising three separate premises, currently let as whole to the existing tenants.
At the front of the complex is a modern office space of 175M2, including reception / display area, several offices of various sized as well as a fully equipped kitchen. Heating and cooling is provided.
The second component is a warehouse of 548M2 including office space of 25M2 and own toilet facilities.
The third component is a substantial and near new factory with exceptionally high clearance. This building is 987M2 with an office of 49M2, with a kitchen / staff room of 50M2. This new factory is separately metered from the rest of the property, opening up the potential for two separate tenancies at some time in the future. It also contains a large overhead crane for shifting heavy items.
Lease terms on offer are 5 years with a further 5 year term, and with a rental return of $110,000-00 PA plus GST and outgoings giving an excellent return on the asking price.
Contact office to arrange an inspection..