Quality Industrial Leased Investment
Raine and Horne Commercial are delighted to present 3 Kiwi Court Lonsdale to the market for sale by Public Auction.
Quality investment opportunity, long established tenant on long term lease.
The property has a long history of being the home of Colonial Lace and Wadham Brothers a well-known, high quality metal products manufacturing facility.
Consisting of approximately 1,250 square metres of improvements and located on a site of approximately 2,465 square metres with a frontage of approximately 49 metres to Kiwi Court. The improvements consist of a metal clad workshop / warehouse facility with concrete floors along with brick office / amenities. Located in the thriving Lonsdale industrial estate
Lease Details
The Premises are leased to Mahdaw C.L. Pty. Limited ACN 137 945 110 trading as Wadham Bros. and Colonial Lace for Five years at a current rent of $100,000 + GST. Building Insurance and Statutory outgoings (excluding Land Tax) are payable by the Lessee. Current lease expiry is 31 October 2028 with the Lessee having two five-year options to renew.
Rent is reviewed annually to 4% with a market review at the commencement of the renewed terms
Inspection by appointment with the selling agent call David Burford 0447 200 732
* All areas are approximate
RLA 205498