This well-built investment property has never changed hands since the day it was built. The property has been occupied by Ross Joice Agencies as a tenant since it was constructed approximately (39) years ago. This building represents one of the rare inner-city warehouses, that will benefit from the densities that are occuring in the CBD creating strong demand for buildings that can supply services.
The tenants have just signed a new (5) year lease with a (5) year option.
Net Income: $109,620pa + OGs + GST
With front and rear drive-through access into a high clearance warehouse area the building also offers brick security, air-conditioned offices and a secure rear yard area. Making it an ideal and easily maintained investment property. The building is being sold to finalise a deceased estate portfolio.