This property is situated in a very strong industrial central location and currently enjoys 100% occupancy. The complex comprises 26 individual warehouses that are 10 meters deep by 6 meters wide. There are currently 18 tenancies that occupy the 26 units with some tenants occupying 1 2 or 3 units. Each warehouse has its own roller door and single walk through door. Each unit has its own power supply. Amenities are shared by all of the tenants.
The property offers a low maintenance investment with concrete driveways and parking areas. Located at the rear of the complex is a storage area for tenants to park vehicles etc.
The 2 front units have their own shop front and are occupied by R & D Glass and Aztec Signs.
The current gross income is approx $125,000 pa excluding GST. Outgoings total $17,215 pa excluding GST.
The property has enjoyed a very low vacancy rate over the last 10 years due to very reasonable asking rent.