5-7 Fitzgerald Place Portland VIC 3305
- Factory, Warehouse & Industrial
- 3,984 m²
- For Sale, $820,000 Plus GST (if any)
3 Secure Tenants 8.4% Return
With 3 secure tenants yielding approx. 8.4% return, must make this industrial site very appealing.
The property is well located just off the ring road to the port, in an industrial zoned area.
The incomes are approximately:
Axicom phone tower lease to 2046 at $ 15,000
Bayside Industrial Coatings lease to 2025 at $ 41,000
RJ & JM Kerr, Car Restorations lease to 2021 at $ 13,000
TOTAL $69,000 p.a.
All tenants have long lease options with annual rental increases.