ASKING PRICE $1,675,000 ZERO GST

ZONING:
Light and Service Industry

LAND:
This is an excellent 2640 square metre lot has a 40 metre frontage and is located in the sought after portion of the Bibra Lake Industrial Estate. Current site coverage is 34%. (Although not on the title, there is a 10-meter natural vegetation covenant across the rear of the land).

IMPROVEMENTS:
This excellent 890 square metres warehouse/factory is constructed of concrete tilt panel and metal cladding roof. It is high truss with drive through access from the front and side roller doors. The warehouse is clear span with plenty of high bay lights and clear sheeting in each span allowing good natural light. There is a separate production area in the rear that can be utilised or incorporated back into the main warehouse floor area.

There is currently 300 square meters of office which is not council approved, that is being used by the tenant.

The exterior of the premises is bituminised. The property is enclosed by chain link mesh fencing and double gates at the front of the property.


LEASE:
The property is leased to Bondstrong Pty Ltd until 30th June, 2008 at a current rental of $84,352.50 gross per annum plus GST.

GST:
Zero GST, sold as a going concern.

GENERAL:
This is a very well located property in the high growth southern corridor. Forward plan to occupy or take advantage of rising rents.