Nichols Crowder is delighted to offer for sale by Expression of Interest this long term, securely leased pair of office/warehouses. Leased to the same tenants for the past 14 years, they've both been faultless.

With their businesses expanding 360 Energy will be moving to a new location and the global business, Reggiana Riduttor (RR Pacific) will expand into the entire property under a new year four (4) year lease agreement from May 2022.

The total rental return from June next year will be $86,600 (net) p.a. + GST and the current rent is $84,246 (net) + GST. In addition to the rental the tenants are also responsible for 100% of the building outgoings.

The properties are in the Eastlink Business Park which has a near 100% occupancy rate which is testament to the popularity of the location.

Key features include:

* Total Building area: 865sqm*
* Unit 1: 399sqm*
* Unit 2: 466sqm*
* Modern designs with construction of precast concrete panel
* Each warehouse with air conditioned/heated offices
* Separate partitioned tea room and amenities blocks
* Fully fenced with street frontage ideal for large vehicles
* High clear span warehouses
* 13 off street parking spaces (two undercover)

All expressions of interest are due before Friday 03rd December at 1pm.

To obtain further information or to receive a copy of the Contract of Sale, Vendor Statement or to arrange an inspection, please contact Joshua Monks.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

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