Net Return: $85,458
With the tenant Aseru Services Pty Ltd contracted to the likes of Coles, Woolworths and K Mart just committing to a new (3) year lease on top of their (3) year lease the owner's have decided to sell.
Situated on busy Broadmeadow Road Broadmeadow this modern concrete building has been set to the rear creating truck access from Parkside Avenue and providing parking in front of the showroom. This is a truly multi-purpose facility and ideal for it's position close to the Newcastle CBD. It comprises (3) main areas:
Showroom (fronting Broadmeadow Road) - this open plan area is fully air-conditioned with (2) small offices
Mezzanine level - located directly above the showroom and has been constructed to be full load-bearing and contains more offices and lunchrooms along with amenities
Warehouse - this high clearance area is accessed via a full loading dock off the rear street and is the ideal storage facility.
This is a brilliant investment with a strong lease, good tenant, versatile building in a great location.