INVESTMENT WITH RE-DEVELOPMENT POTENTIAL (STCA)
* Three year lease commenced 16 December 2016
* Tenant operating for twenty years
* Potential rental upside "As Is"
* Potential for alternate uses subject to council approvals (STCA)
A rare offering to the market with passing rent of approximately $141,700 and 4% fixed rent reviews.
This Light Industry warehouse / office building benefits from a three year lease and has many distinguishing features being freestanding over a 1,128m2 site, dual frontage and improved with a concrete tilt panel building with a NLA of 1,188m2.
The property has approximately 20m of frontage to Webster R...