Property Description
- LEASED INVESTMENT- Occupied by the same business since new in 2005
- $112,759 p/a Net Rent
- $22,286 p/a Fit-out Reimbursement ($1,857.20 x 60 months)
- $135,045 p/a Current Total Net Income
- Renewed 5 year Lease commenced 1/4/2025 plus 3 year option
- Annual Rent Reviews: Greater of CPI or 4% | Market Rent Review 1/4/2030
- Lease Security - Bank Guarantee
- Tenant manufactures elastomeric polymer seals for use in a wide range of hydraulic, pneumatic and rotary equipment
- 1,179sqm Land Area
- 770sqm (approx) Office|Warehouse
- 170sqm (approx) Extra Mezzanine Storage
- Substantial Workshop Improvement, Electrical Fit-out & Power Upgrade
- Level Concrete Carpark with 14 Car Bays (4 Under Cover)
- Corner Site with 2 Driveways and 2 Roller Doors with direct access
- NBN available
For more information or to view this Excellence Drive property, please contact one of our Sales Team
Property Features
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Not Listed