42 Riverside Road Chipping Norton NSW 2170

AUCTION - Freestanding industrial premises comprising of two seperate factories situated on a corner block. Both buildings have seperate access - one from Riverside Road and the other from Alfred Road. The property is tenanted with a 5 year lease which commenced on the 1st September 2007 with the tenant paying $138,000 Net per annum plus GST & all outgoings. Although the property is subject to an existing lease, there is a special condition in the lease which permits the purchaser to terminate the lease on giving three (3) months notice, but only during the first month of purchase. The purpose of this is to enable the property to be sold to an owner occupier. The tenant's preferance is to remain and keep leasing the property.