Colliers is proud to exclusively present 1/1-5 Cebel Place, Albany, for sale by Deadline Private Treaty closing 4pm Tuesday, 13 May 2025 (unless sold prior).
What an opportunity… Rarely does a standalone industrial asset, with a high warehouse ratio, ample parking / yard, come to the open market for sale with the opportunity to either invest or occupy!
The 1066sqm industrial premises is currently leased to three individual tenants, returning $179,392pa net, with the two main tenancies approaching a final expiry in May 2025.
This is a great opportunity for both owner occupiers and investors alike. Astute investors will appreciate the ability to renegotiate new leases and unlock the significant rental upside later in the year.
Equally owner occupiers can take advantage of the holding income while they make plans for the future.
The property’s versatile design supports a range of business uses, including automotive, with multiple roller doors and a secure yard area out the side.
Whether you are looking to occupy or invest in a property with upside potential, this is an opportunity not to be missed.
Phone the Sole Agents for further information or to view!
Jack Tuson 027 448 1148 & Matt Prentice 021 464 904
Features:
* Holding Income: $179,392pa net
* 1,066 m² (approx.) Standalone Industrial Asset
* Secure yard area
* Three tenancies / Split risk
* Significant rental upside
* Potential to occupy
* Multiple roller doors
* Occupiers and investors must inspect!
* Zoned light industrial
* Add value potential
