20 Union Street,
Sale, VIC 3850
Warehouse, Factory & Industrial
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Sold
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Map of 20 Union Street
AMAZING INDUSTRIAL OPPORTUNITY ( 8.5% RETURN)
This fully renovated industrial complex in the heart of Sale represents an amazing opportunity for the investor.
The property offers three separate tenancies.
1.The front section of the building is securely leased on a 12 month lease from day of settlement for 1 year full term at $15,000 P/A Plus outgoings and offers 210M2 of floor space with three as new offices with air-conditioning/heating, staff room/kitchen and toilet.
2.The second section is leased out at $87 P/W on a month to month tenancy. The total area is (85M2) is utilized as workshop and storage area.
3. Fully secure tenant to the rear portion of the building (284M2) with a current rental of $12,484P/A tied up until the 1/1/2012 with annual reviews and 3 X 3 Year options.
TOTAL RENT: $32,008 P/A REPRESENTING A RETURN OF 8.5%
To complete the package there land area is 1044, which is set to hard stand with full electric gates securing this superb complex.
Properties of this caliber that give you plenty of options are rare in the market place so dont miss this one!!
The current owners would also be flexible on the front section lease terms if you were interested in moving in to the complex sooner rather than later!
The property offers three separate tenancies.
1.The front section of the building is securely leased on a 12 month lease from day of settlement for 1 year full term at $15,000 P/A Plus outgoings and offers 210M2 of floor space with three as new offices with air-conditioning/heating, staff room/kitchen and toilet.
2.The second section is leased out at $87 P/W on a month to month tenancy. The total area is (85M2) is utilized as workshop and storage area.
3. Fully secure tenant to the rear portion of the building (284M2) with a current rental of $12,484P/A tied up until the 1/1/2012 with annual reviews and 3 X 3 Year options.
TOTAL RENT: $32,008 P/A REPRESENTING A RETURN OF 8.5%
To complete the package there land area is 1044, which is set to hard stand with full electric gates securing this superb complex.
Properties of this caliber that give you plenty of options are rare in the market place so dont miss this one!!
The current owners would also be flexible on the front section lease terms if you were interested in moving in to the complex sooner rather than later!
Property ID: 5530527Last Updated: 5 Dec 2013
04193818...
20 Union Street
Sale, VIC 3850
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Contact Agent
Oceaneering, 14 St Clair Court,Sale, VIC 3850 633 m²Warehouse, Factory & Industrial • Offices
