Unit 2, 15-17 Chaplin Drive Lane Cove is a quality industrial unit comprising ground floor warehouse and first floor offices. The building is of tilt up concrete panel and glass construction, built around a central driveway above a basement car park. It is a small estate of only eight units.
Unit 2 offers a ground floor of approx 139m2 and an office upstairs of 69m2. The property is leased to a plumbing contractor and electrical contractor who share the premises (the are co-signatories of one lease). The current income from the property is $43,574 plus the tenant pays all outgoings and GST in addition to this net rent. The lease commenced on 7/12/15 and expires 6/12/18. The rent increases each December by 4%.
The tenant will be paying only outgoings for months 13 & 36 of the lease. These are rent free months. However the Vendor will cover the cost of these rent free months with a rebate to the purchaser on settlement of contracts. This way the new owner gets continuity of income.
This is an excellent opportunity to acquire a quality income producing property in a popular industrial area. Please note that the photos in this document show the property before the current tenant took occupation.
Inspection is by appointment only and we do need to give the tenant some advance notice. 15-17 Chaplin Drive Lane Cove (sometimes referred to as Lane Cove West) is positioned in the heart of the Lane Cove Industrial area. It is only 12km from the Sydney CBD. It is a short drive to Macquarie Park, the railway and to M2 Motorway on ramp. This property is very well positioned for access across Sydney.
