Unit 2, 56 Hoskins Street offers purchasers a high yielding and prominent commercial investment set within a high clearance, industrial strata building on one of Mitchells busiest corners. Located fronting Hoskins and Lysaght Streets, Unit 2 is for sale via Auction on Thursday May 9 at 11am (if not sold prior) and presents a passive opportunity with an entry point below the $1.5m stamp duty threshold.
Circa 1990 development
Excellent exposure to major arterial roads
820m² NLA across two levels, each level providing specialised fit-outs, rear access and male and female toilets within the tenancies.
As at 1 April 2019 the property is 100% occupied by tenants Jolt Games and Bikram Yoga, who have both committed to new 5-year leases + option.
Estimated net income is $93,158 ex. GST and both leases feature fixed rental growth of 3% per annum.
Unit 2, 56 Hoskins Street provides the opportunity for an investor to acquire a long-term, fully-leased strata unit in a high trafficked location.
Contact Colliers International for more information and to arrange an inspection.
