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7.6 Return, with fixed 4% annual rent increases.
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Plus potential for further development.
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Comprises two factories on 2838m2 of land.
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Zoned Industrial One.

Factory 1 (40A)

Modern concrete tilt slab and Colorbond factory comprising 252 square meters plus 62 square meters of air-conditioned office space, in excellent condition, with high clearance access and electric roller door.

3 year lease commencing 1st October 2011 plus 2x3 year options.

Current rental $29,203.20 per annum plus GST and outgoings (from 1st October 2013)

Factory 2 (40B)

Refurbished brick and Colorbond factory comprising 245 square meters of factory floor space plus 88 square meters of air-conditioned office space, with 3 bay undercover carpark and large gravel yard area at the rear.

3 year lease commencing 19th September 2011 plus 2x3 year options.

Current rental $36,774.70 per annum plus GST and outgoings.

The property is securely fenced and includes a substantial concrete hard stand of approximately 550 sqm between the two factories. This very neat well presented property, offers the astute investor a low maintenance investment opportunity with potential for further development in the future (STCA).