THIS IS THE ONE

Sale Details

Sold on 16 Jan 2024 for $4,000,000

Description

POINT OF INTEREST:
A modern industrial facility with a national long term tenant; this flagship investment can be put on your portfolio-shelf to only get better with age. The package includes a generous 2,000 sqm* of land, with a 1,329 sqm* state-of-the-art building on top. The two-level office and clear-span warehouse also includes mezzanine storage and 22 car spaces on-site — accommodating both staff and visitors. Workspace isn’t in short supply; there are open plan areas and glass partitioned offices on the ground and first floor, with a large boardroom upstairs and plenty of natural light coming through the building’s glass facade. The warehouse features a high internal clearance, two motorised roller doors, and additional mezzanine storage.

Industrial by name, but not by aesthetic — the fixtures, fittings, amenities and kitchenettes (located on each level) have all been designed with first impressions in mind. The asset is already occupied and appreciated by an industry-leading tenant, Number 1 (Australia), a distributor of natural pet products locally sourced from Australia and New Zealand. Naturally, they’re fans of the fact that the Dorset and Canterbury Road intersection is only 1.5 km* away, and the Eastlink is just a ten-minute drive to get to.

INVESTMENT DETAILS:
- Leased to Number 1 (Australia) Pty Ltd.
- $176,505 p.a + GST and outgoings from 1st September 2023.
- 5 year + 5 year lease from 1st September 2021.
- Annual increases + market review at option.

PROPERTY DETAILS:
- 2,000 sqm* total land area.
- 1,329 sqm* total building area.
- Incl. 598 sqm* of office space.
- Incl. 602 sqm* of warehousing.
- Incl. 129 sqm* of mezzanine storage.
- Solar panels and security system.
- 22 allocated car spaces on-site.
- 1.5 km* to Canterbury Road.
- 7 km* to the Eastlink.

POINT OF VIEW:
New financial year, new financial targets. And with a standout asset returning $176,505 in rental income from 1st September 2023, this is a portfolio addition that will see your FY24 goals peak by August.

*Approx.
Pricing excludes GST