FULLY LEASED INDUSTRIAL INVESTMENT NET YIELD 8% APPROX.
SUBSTANTIAL DERWENT PARK SITE OF 4,331M2
This property benefits from frontage to both Derwent Park Road and Pearl Street and comprises four separate tenancies providing showroom, office, warehousing and yard areas. Major tenant is National entity Hills Limited occupying a recently constructed facility. The property provides scope for value enhancement through further development. Key features include:
- Total NLA of 2533m2 approx
- Zoned Light Industry (Pearl St) and Commercial (Derwent Park Rd)
- Tenants pay majority of outgoings
- Approximate net income of $175,000 per annum