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Expansive Commercial Property Holding in Burnside Offered for Sale for the First Time in Many YearsProperty ID 1701880Covering 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
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Key Information Tenancy Status Currently Tenanted Annual Yield (Gross) N/A (Marketed Without Price) Annual Yield (Nett) N/A (Marketed Without Price) Title Scheme Not Applicable
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.