For sale are units 5 & 6 of 11-13 Tralee Street, Hume, the units are perfectly positioned within a 3 building, 6 unit industrial development in the Heart of Hume. The complex sits on a huge 15,006m2 block.
Industrial property has undergone a huge resurgence Nationally in the last 3 years, with Hume being no exception. Land values and rents are growing significantly with restricted land supply ensuring there will be minimal new available supply in coming years.
The units are currently occupied as a large single tenancy, comprising of a single level office component to the front and high clearance warehouse space with multiple roller door access to the rear.
There are 35 carparking spaces allocated to the tenant on the common property.
The current tenant, National Mail and Marketing, has been in the building since 2002 with current lease expiring 17 December 2027
The property offers an excellent investment opportunity for the discerning investor, with features of:
* Annual net rent of $527,864 plus GST
* 4,082m2 building are (U5 - 2,401m2 + U6 1,681m2) plus 35 car parks
* Annual rent reviews 3.5%
* Leased below market rates
* Leased to National Mail and marketing until 17/12/2027.
For sale by Expressions of Interest, closing at 3pm on Thursday the 28th of September.
For more information or an inspection please contact Doug O'Mara on 0412 485 181 or Andrew Smith on 0409 600 471.
