38 Baretta Road, WANGARA WA 6065
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- 7 Oct 2016
Cash box! Hold or strata, huge upside!
This substantial brick & iron premises is conveniently constructed in such a way to serve multiple tenants or to supply seperate strata title suites. The 5 brick and iron units are currently leased all with separate roller doors, rear access and separate toilets, showers and offices. They each have individual water and power meters, lending itself to easy strata titling in the future.
The property is currently used as a car yard and caters to the motor trade industry. Currently leased for 3 years with options, this rock solid investment features over 1025sqm of NLA on 2750sqm of land in a dominant corner location. With solid leases in place, there is great upside for the prudent investor, developer to acquire a blue chip holding in the rapidly expanding northern suburb of Wangara.
It is located on a busy corner junction of Baretta and Lindsay Road with easy access to the freeways, coast and city. Secure you future today with this rock solid investment.
Current leased for $143,000pa on 6.3% net. Sold as a going concern
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
38 Baretta Road WANGARA