* This well positioned property is locate along busy Jindalee Road and offers a great exposure to passing traffic.
* The building is a high bay warehouse area of 496 sqm approx. (24M wide by 20m deep approx) with additional mezzanine of 92 sqm approx.
* Three large roller shutters and glass entry doors
* Skylights. 3 Phase power., LED high bay
* Easy onsite parking area for 8 vehicles - wide driveway and all concrete sealed.
* One (1) year remaining on the current 6 year lease to CDA Eastland which expires July 2021 (no option to extend). CDA Eastland have been in occupancy since 2009
* Property will ideally suit future owner/occupiers come July 2021 or investors seeking ongoing rental return
* Council rates and insurances (plus lawns and water) paid by tenant under current lease and are: C/Rates: $3,000 PA approx and Building Insurances $2,500 PA approx
* Current rental is $63,000 PA nett
* Return on asking price is just under 6% nett, compared to term deposits offering just over 1%
* You do the numbers - You could not buy equivalent sized and located industrial land and replace a building of this size for the asking price
* Call Luke Horton - 0417 406 4...
Raine & Horne Commercial
Shop 3, 136 William Street, Port Macquarie
T : 02 6584 05...