Located in the village of Wangan.
If you are a small manufacturer or enthusiast this site could be perfect for you. Take the main shed for yourself and collect the rent from the other tenants.
When fully leased the gross rent is $40040 per annum, which improves year on year. The total lettable area is 488 sqm not including hard stand area where there are possibilities for boat or van storage. The 1597 sqm block is fully secured by man proof fencing.
The tenant of the factory/warehouse section which is 153 sqm, recently vacated and moved out of the region so this section is available for lease. It returns just under $400 per week and is a modern block building with 3 phase power, has 3.2 meter roller door clearance via four doors and 9 metre clear span. It also includes a 99 sqm covered awning with concrete slab. There is plenty of hardstand space and a secure man proof fence around the perimeter. There are six other tenants in place in separate sheds on the site ranging in size from 40 sqm to 85 sqm. If you need more space for your own purposes there is the option to move the other tenants on.
This multi use commercial property is ideal for investors as the risk is spread over multiple tenancies. In other words if one tenant leaves, your income is still solid until a new tenant is found. This compares favourably to the single tenant investment where if a tenant leaves all income stops. That makes this opportunity particularly appealing to the self managed super fund investor.
Buyers around $500 000 should enquire.
Contact Michael Skuse
