28 Strathgrove Way represents an outstanding opportunity in the NSW investment market.

Fully leased to Sandvik Mining and Construction Australia Pty Ltd, 28 Strathgrove Way is near new industrial facility of concrete panel and metal clad construction providing 3,288m² (approx.) of gross lettable area on a generous 12,390m² site.

The facility is comprised of workshop, warehouse and administration areas all constructed to the highest standard with container access provided via fourteen (14) on-grade roller shutter doors. Warehouse and workshop areas provide internal clearances from 8m to 10m (approx.). Administration areas are all fully air-conditioned and are a combination of open plan and partitioned offices. Full staff amenities provided on-site include large lunchroom with kitchenette, male and female bathrooms and male and female locker rooms with heated flooring. The property also provides drive around access, a high power supply and a hardstand yard are suitable for storage or the loading/unloading of trucks.

Investment Highlights:

- 8 years remaining on 10 year lease to Sandvik Mining and Construction Australia Pty Ltd, plus two further five year options
- Market leading global tenant
- Substantial net rental income of approximately $700,000 per annum excluding GST
- Excellent rental growth with minimum 3.5% annual rental increases over the lease term.
- Near new freestanding building with substantial depreciation allowances available
- Flexible IN1 – General Industrial zoning

Full IM available upon request.

The property is to be sold via public auction to take place on the 20th of October 2015 at 10.30am at Mezzanine Level, 50 Margaret Street, Sydney.

Contact the exclusive agents for further details or to arrange an inspection.