Offered to the market for the first time in close to 40 years sits a perfectly positioned multi-tenanted industrial investment on Timothy Place. The property returns a total net income of $164,040pa plus GST and is home to Watts Engineering and Monaghan Sheetmetals who both enjoy independent access and car parking.
This freehold site has been meticulously maintained, and benefits from a recent roof replacement. Watts Engineering occupies approximately 589sqm of floor area with seven car parks, with excellent road frontage and direct access from 18 Timothy Place. Monaghan Sheetmetals occupies approximately 571sqm of floor area with seven car parks and enjoys frontage and access from 4 Saunders Place.
In a market starved of quality industrial investments like this, the property offers a rare opportunity for investors to secure a solid, carefree asset in a prime location.
Key features:
• Total net return of $164,040pa plus GST
• Two long standing and loyal tenants
• 75% ISA rating
• Dual road frontages
• Recently replaced roof
