12 & 14 Leeds Street, Rhodes offers a unique opportunity for the savvy investor with a view to the future. This industrial property, on 2 separate titles, offers flexibility both in ownership structure together with long term use.
The property comprises of a 7.6 metre cubic capacity quality warehouse, high tech production areas and office accommodation. The property has been extensively fitted out whereby the current lessee has installed a large power supply to run several technical machines.
The overall presentation is very good requiring little ongoing maintenance. The property is fully leased to Aldridge Traffic Systems Pty Limited [ATS] a subsidiary of Traffic Technologies Limited, who has been a long term tenant. Their current lease is due to expire on 31st of December 2012, but ATS recently signed a new 3 year lease expiring 31 December, 2015 plus 2 x 3 year options.
Aldridge Traffic Systems have been a tenant since January 1988. Aldridge Traffic Systems is now 100% owned by a public company operating throughout Australia suppling over 80% of traffic signals in Australia and New Zealand. The company was first founded in 1968.
High Tech Production Room
Location : Located on the southern side of Leeds Street just east of the intersection of Cavell Avenue in the dynamic suburb of Rhodes, approximately 15 kilometres by road west of the Central Business District of Sydney.
Rhodes has a small pocket of industrial properties located alongside the Parramatta River near the Ryde Bridge.
Description : A highly sought after industrial investment located in the small industrial precinct of Rhodes. The Lessee has been a long term occupier and has a substantial fit out in the premises.
Building Area On 2 titles being (and could easily be converted to 2 individual premises):
12 Leeds Street: 1660.9 m²
14 Leeds Street 1451.5 m²
Total: 3112.4 m² (subject to survey)
Land Area : Land Area: 2,598 sqm (approx)
Lessee : The building is fully leased to Aldridge Traffic Systems Pty Limited
Asking Price : $3,995,000 (excl.GST)
Lease Expiry : December 2015
Current Net Income : $381,765-00
• 12 Leeds Street $190,765
• 14 Leeds Street $190,765
