Address available on request,
Tuggerah, NSW 2259

GPF No 4 Pty Ltd (GDI Property Group), through their exclusive agents CB Richard Ellis and LJH Commercial, present this opportunity to secure a major office/warehouse investment known as 2 Reliance Drive, Tuggerah.
The expected income generated from the asset, on a fully let basis is estimated at approximately $970,000 net per annum, exclusive of GST (at the time of sale there was only a single office suite of some 303m2 that was vacant). The current improvements have a total area of approximately 6,550sqm of which approximately 55% of the building is commercial office area and the balance of 45% being industrial / warehousing, on a site of approximately 1.325 ha.
The property houses major corporate tenants and is the regional headquarters for the likes of Husqvarna Australia, Nationwide News (News Limited) and Life Without Barriers, the largest provider of out of home care in Australia.
Ample parking and uninhibited drive around access add to the tenant appeal and compliment the stable cash flow.

Key property highlights include:
Functional office suites that are well suited to the local market
High bay clear span warehouse area that has a separate entrance to the office areas
Currently 95% leased
Low forecast capex requirement
Net Leases
High profile location at the entrance to the Estate
Potential for strata conversion as an upside exit strategy