The 10,000 m2 warehouse space has potential, if required to expand further and/or create a mini-industrial warehouse lease space (if it is ever empty it has not been empty for over 22 years !!)
Currently leased by the ASX listed tenant Ventia, renowned for their longstanding commitment, The tenant covers ALL outgoings, including land tax, and guarantees 2% yearly increases.
The property provides additional land for future expansion, via larger pads and/or new warehouse and leasing opportunities.
All high bay entrance doors are automatic and have been replaced by the tenant in the last few years.
The high bay sheds are all insulated, so 10,000 m2 of insulated shed space! The property features insulated roofing for added comfort and cost savings.
The 600m2 office complex is broken up into various private offices, break out rooms, first aid rooms and toilet facilities.
The existing lease expires in 2028, with 2 x 5-year renewal options.
With an existing net income of $994,066.95+ outgoings (including land tax) + GST, with 2% yearly increases, this is a top draw buying opportunity.
For more information or to arrange an inspection contact Drew Camm - DC Commercial today on 0432 055 250 | drew@dccommercial.com.au