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241 Princes Highway Ulladulla NSW 2539

  • Factory, Warehouse & Industrial
  • 3,000 m²
  • For Sale, $5.7M Combined Freehold and Leasehold

FREEHOLD PROPERTY & LEASEHOLD PROPERTY - 8.4% YIELD FOR FYE 30 Jun 2022

    Phone enquiries - please quote property ID 27487.

    THE PROPERTIES:
    This sale includes both the freehold commercial property at 241 Princes Hwy Ulladulla and the Leasehold land at 233 Princes Highway, Ulladulla.
    The combined net income for both properties represents an 8.4% yield for the last 12 months.
    Both properties have direct access and exposure to Princes Highway.

    LOCATION:
    Located in the commercial area of Ulladulla, just 1.5km from the centre of town. Surrounded by other good industrial businesses including, tyre outlets, mechanical workshops, pet motel, veterinary clinic, ex-serviceman's club, takeaway outlets, and numerous other commercial businesses, all within 50 metres north or south of Hampton Hire & Storage.

    THE FREEHOLD PROPERTY:
    Freehold commercial property at 241 Princes Highway, Ulladulla, and its infrastructure, set on one title,
    5,411m2 - Industrial Zoned. The property has 120 storage units, 12 container storage units, a workshop, wash bay. The main building has a large showroom facing Princes Highway with mezzanine level residence.
    The front gate is accessed after hours by pin-operated gate access with 24-hour camera surveillance.

    THE LEASEHOLD PROPERTY:
    Leasehold property at 233 Princes Hwy, Ulladulla.
    1,044m2 - This property has 60 container storage units - access only with pin-operated gate access with 24-hour camera surveillance.
    A long-term 5+5+5+5 lease was established in 2014 at reasonable rent

    THE INCLUSIONS:
    * 241 Princes Hwy has 120 storage units plus 12 x 6m containers
    * 233 Princes Hwy has 27 x 6m containers, 3 of which are split into 6 individual storage units
    PLUS 8 x 12m containers, split into 30 individual storage units.

    THE BUSINESS OPERATION:
    With an excellent reputation in hand, this business, on the NSW South Coast, has grown from strength to strength. Storage units consistently maintain high occupancy rates of over 95% per annum. (Currently 99%) Business operators with foresight could develop additional income-producing activities from the showroom and workshop eg boat/jetski/watersports/motorcycle sales and accessories.
    (Currently, a separate car hire, pantec truck hire, and trailer hire business is operated from the premises)

    * Self Storage Units (132) on freehold property
    * Self Storage Units (60) on leasehold property
    * Boat Storage
    * Boxes and Packaging materials (boxes, bubble wrap, butcher's paper, tape, bed &
    furniture covers sold from the showroom

    KEY CUSTOMERS:
    Self-storage customers, general public plus tradesmen, and businesses.

    The business trades 5 1/2 days per week and is currently run by a husband and wife team who are nearing retirement.

    DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

    Property Highlights

    Floor Area3,000 m²
    Land Area5,411 m²
    ParkingOn site parking available
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Virtual TourView Tour
    Property ID2017732009
    Category
    Last updated  22 Jul 2022
    Map for 241 Princes Highway Ulladulla NSW 2539

    Property Highlights

    Floor Area3,000 m²
    Land Area5,411 m²
    ParkingOn site parking available
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Virtual TourView Tour
    Property ID2017732009
    Category
    Last updated  22 Jul 2022
    Suite 1a, 608 Hawthorn Rd Brighton East VIC 3187
    No Agent Property - NSW
    No Agent Property - NSW
    No Agent Property

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