North West Realty are pleased to offer this industrial property to the market for sale.
This industrial property combines 2 lots and has been leased by Coates Hire for the past 15 years. The tenant has just committed to a further 3 year lease on both lots and the properties are currently showing a 9.14% return across both lots. These lots must be sold together.
Lot 204 – comprises – 3617m2 land with workshop, offices and lunchroom – Workshop – 360m2 – dual sliding door access to one side, sliding door access to rear of workshop – wash bay at rear – Office 115m2 – comprising split air conditioning, conference room, reception area, lunch room with kitchen and male and female ablutions including disabled toilets and shower and storeroom. Customer parking to the front of the office area comprising 8 parking bays and secure cyclone mesh fencing surrounding the complex. Currently leased at $90,000 per annum + GST + outgoings, expiring on 30 April 2022.
Lot 205 – comprises 3599 vacant laydown area. Currently leased at $36,175 per annum + GST + outgoings.