Expansive commercial property holding in Burnside offered for sale for the first time in many years
Covering 18,800m2 and zoned Medium Impact Industry there's plenty of scope here for further development while paying the bills with a substantial holding income in excess of $374,000 per annum from the ten fully leased tenancies.
The substantial hardstand towards the rear of the property and the large central car parking area provide the opportunity to expand existing buildings to accommodate expanding tenant's or complete brand new developments to attract new cash flow.
- $382,864.76 net income (2017)
- 18,800m2* block of level land
- 3,737m2* NLA across four separate buildings
- Substantial hardstand
- Large sealed car park
- 10 individual tenancies - fully leased
- High visibility to busy Windsor Road
- Room for future development (STCA)
- Growth area
*Approximately
All enquiries contact our exclusive marketing agents.