Investment leased to Multi Million Dollar US Subsidiary - Merit Medical Australia - 7% net return

Sale Details

Sold on 26 Apr 2016 for $750,000

Description

CVA Property Consultants is pleased to present this exceptional investment opportunity as part of the Hallmarc Business Park in Cheltenham.

This two level office and warehouse has just been leased to Merit Medical Australia Pty Ltd a subsidiary of US public company Merit Medical Systems Inc. for an initial term of 2 years coinciding with an adjoining building already occupied by Merit Medical.

View tenant web site: www.merit.com

• Rental return: $55,000pa + outgoings
• New 2 year + 2 year + 2 year lease
• Commencing 1st April 2016
• Annual 3% increases
• Depreciation benefits
• NASDAQ listed parent company - US $815m capitalised value.


Features include:

• 277m2 approx. total floor space (approx. 180m2 of two level offices)
• 5 car spaces & loading area
• Fully carpeted offices with suspended ceilings
• Container height roller door
• Ample power throughout