Description

BLUE CHIP INVESTMENT OPPORTUNITY

FIRST TIME OFFERED FOR SALE !

Nestled in Sugar Road and surrounded by quality neighbours this 451sqm concrete tilt-slab retail workshop/showroom is a well know landmark in the area. The building has a quality feel to it, with a real street presence to match.

Laid out internally with a large retail showroom and customer service area occupying the front of the building with manager's office to the side, flowing through to the admin offices and staff amenities.

Further towards the rear of the building is a well appointed busy workshop, accessed internally at the end of the corridor past the admin offices and externally through a 4.5M roller door with personnel access to the side. There's storage available on a mezzanine along with a good-sized tool room.

Ducted air-conditioning is present throughout the building and new units installed about 12-months ago.

Well finished and maintained, the property has been leased by the same tenant for the past nine to ten years. Now operating on a new lease, signed in 2012 and running through until mid-2017 it offers a 7.0% return at the asking price, climbing to 7.5% through the course of the lease. This is a blue chip opportunity for the canny investor to snap up.

Properties of this quality, size, and location do not come on the market very often - do not miss your chance to secure this beauty.

All inquiries to the Exclusive Agent, Blair Burr.

Agents

Hugo Cattle

Commercial Sales & Leasing

[email protected]

0431 006 652

View Profile