3-7 Frankland Street Mittagong NSW 2575
- Industrial / Warehouse
- 6,500 m²
- For Sale, For negotiation
REGIONAL INVESTMENT OPPORTUNITY WITH UPSIDE
- Strategic Southern Highlands location
- 5 minutes from the Hume Highway
- Wide range of amenity nearby
Located in a Mittagong’s core business district close to a wide range of amenity & national businesses. The property is only 5 minutes from the Hume Highway on and off ramps, allowing easy access to Sydney CBD.
Improvements are ideal for overflow storage or small business operations. The site is close to 100% leased and provides a return of approx. $290,000 pa net + GST.
Opportunity to purchase the site at land value with a ~6% net return and a diverse tenant mix.
The site offers flexibility to improve on income / return, or demolish the existing building to make way for new industrial strata / storage units. Potential to demolish existing improvements and redevelop to construct industrial strata units (STCA).
• Zoning IN2 - Light Industrial: Which allows for flexible uses such as; Bulky Goods, Warehouse or Distribution Centres
• Potential to land bank with holding income
• Potential to acquire an adjoining lot 15,644sqm*
With the ongoing migration of families being priced out of Sydney and relocating to the highlands, there will inevitably be a need for more storage or industrial strata units.
For more information or to arrange an inspection please contact the exclusive agents below:
|Floor Area||6,500 m²|
|Land Area||1.8 ha|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||8 Mar 2018|