Invest Now - Occupy Later - $1050000

Description

This offering provides a unique opportunity to acquire a large strategically located industrial property in an inner suburban location of Newcastle with the benefit of three street frontages and multiple land titles. The Property is being offered for sale subject to a lease to P.D. Bulbeck Pty Limited, which expires on 30 April 2009 showing an intial yield of over 11% net return on the asking price of $1,050,000. The existing tenant (P.D Bulbeck) is looking at relocating upon expiry of their lease, providing an opportunity for an owner occupier wishing to establish a business in this inner suburban location with the option of renovating or redeveloping at a later date.