- Two storey building located close to Hospital, District Court and Lake front
- Freehold land of 287 sqm, building of 353 sqm (more or less)
- Two dedicated car parks
- Long term current tenant
For the first time to the market, we are fortunate to present this stand-alone property with a strong existing tenant. Comprising of a 353 sqm (more or less) building, on a 287 sqm freehold section with high visibility on the CBD fringe. Current rental income from the existing accountancy tenant is $108,000 plus GST. This tenant has an initial term of three years (starting 1st December 2023) and three rights of renewal of three years each. The tenant pays 100% of the operating expenses and the building has an IEP result of 80% NBS, rating it Seismic Grade A. The building itself consists of eight closed offices plus two open plan offices, a board room, two meeting rooms, two kitchens, amenities both upstairs and downstairs, a reception, a communications room and plenty of storage. It is well airconditioned and alarmed. This will make a great tenanted investment and addition to a portfolio.
Contact David Schmidt for more information and an appointment to view.
