- Long term lease with guaranteed rental income
- 3,153 m² size block
- Multi and multi-purpose buildings
The property includes a reception area with several private offices featuring air conditioning and staff amenities to the rear. Separate air-conditioned workshop/office spaces which leads out to the 3 massive commercial sheds (large enough for heavy machinery) with evaporative cooling and insulation throughout plus a 4th open shed to the rear. To the front of the property is the staff room/donga with kitchenette and air conditioning.
The property has the following investment highlights:
· Landlord friendly 3-year net lease with 3-year option to an ASX listed company,
· Long term tenant commitment ensuring income security for landlord,
Attractive landlord-friendly, net lease structure with tenant paying all outgoings as per lease,
· Net rent Income: $72,800* pa with probable annual yield of 9-10%
· Favourable annual CPI rental reviews,
· Large3,153sqm* freehold site with renovated workshops/office space across three separate buildings
· Extensive and recent maintenance overall of Fixed plant recently,
· Extensive reinforced concrete hardstand over 60% (2000sqm) of the property, which caters for heavy vehicles and machinery,
· Favourable Medium Impact Industrial Zoning for releasing or any future development (STCA),
· Highly desirable site location,
Strategically located to service Mount Isa's $1.24 billion mining industry,
Mount Isa: the largest economic, logistic and service centre of Northern Australia
Suited in Mount Isa's Commercial Precinct this opportunity cannot be missed! Call City & Country Realty TODAY! John Tully 0429 029 289, Kieran Tully 0416 177 001 or Sam Johnston 0467 076 756.
Property Code: 4101
