Industrial Investment Opportunity - $600000

Description

* Front section of approx. 320m2 currently leased at $2,480 per month incl. outgoings. * Current owner occupies a section at the rear containing approx. 156m2. Owner will lease back at $8,500 per annum plus part rates and land tax. * Remaining vacant area of warehouse contains approx. 210m2 * Building has 3 phase power * Owner will be installing security fencing soon * Driveway and front parking will be concreted and the rear car park will be sealed. * Vacant area at the rear of warehouse lends itself to further development * Fully let - this property would show approx 8.3% return at the asking price. For more details contact the Listing Agent Alan Halliwell on 0408 250 111