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1/16 Millwood Avenue
Narellan NSW 2567
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Sold on 1 Jul 2021

1/16 Millwood Avenue Narellan NSW 2567

  • Factory, Warehouse & Industrial
  • 247 m²
  • Sold, $670,000

Under Contract

    Located in a small and very well maintained boutique complex of only 5 quality commercial units. Zoned 4(b) - Industry B Zone which provides a broad usability including bulky good retailing.

    Of the 5 units, all are leased with a diverse mix of businesses with vibrant passing traffic and visitors. Mix of existing businesses include; wholesale pet food company, mechanic , gym, high performance engine building specialist, marine specialist.

    Located in a premium position in Narellan Industrial estate which is also the gateway of the M7 and M5 Motorways making this a safe and very secure investment proposition.

    Currently leased to an existing long term tenant who recently re-signed new 5 year 'title registered lease' (lease signed June 2021).

    # Impressive rent return of $36,000.00 per annum excluding GST
    # Tenant has signed a 5 year lease
    # Tenant is responsible for all outgoings
    # CPI annual rent review
    # 100% of landlord outgoings including lax tax

    The ground floor measures out at 148 square meters and the mezzanine upper floor is 99 square meters with a kitchenette, toilet and shower.

    Rarely do commercial units like this come to market which makes this unit a most to any investor.

    Property Highlights

    Date Sold1 Jul 2021
    Sold Price$670,000
    Floor Area247 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Virtual TourView Tour
    Property ID2017048926
    Category
    Last updated  23 Jul 2021
    Map for 1/16 Millwood Avenue Narellan NSW 2567

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    Property Highlights

    Date Sold1 Jul 2021
    Sold Price$670,000
    Floor Area247 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Virtual TourView Tour
    Property ID2017048926
    Category
    Last updated  23 Jul 2021

    Listed by

    Nigel Montgomery
    Harcourts The Property People
    Call
    0413193849

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