De Freitas & Ryan Commercial are pleased to present to the market this leased investment that is prime for redevelopment or refurbishment once current short term leases expire. The current annual net return is $71,400 + outgoings with the current tenant occupying both tenancies.

The property has the advantage of being on the high side of the road with fabulous exposure to busy North Lake Road which has over 33,000 passing per day. The subject site is located just off North Lake Road near the Cockburn Arc with access to good public transport and road infrastructure making this site a great investment opportunity.

Features Include:
- Total annual rent $71,400 + O/G's (NO GST)
- Unit 1 - 425m2 (approx) leased @ $36,125p/a
- Unit 2 - 415m2 (approx) leased @ $35,275p/a
- Leases expire 28th Feb 2023 with no further options
- Total Land area 2,336m2 (approx)
- 40.4 metre frontage (approx)
- Brick office with zinc cladded shed
- Elevated position
- Industry zoning

Approximate annual outgoings;
- Council rates $5,049.00
- Water rates $1,185.06
- Insurance $3,297.00


*Information Disclaimer: This document has been prepared for advertising and marketing purposes only. It is believed to be reliable and accurate, however clients must make their own independent enquiries and must rely on their own personal judgment about the information included in this document. De Freitas & Ryan provides this document without any express or implied warranty as to its accuracy or currency. Any reliance placed upon this document is at the client's own risk. De Freitas & Ryan accepts no responsibility for the results of any actions taken, or reliance placed upon this document by a client.