59-61 Industrial Place presents an opportunity for astute investors to purchase a passive, bottom-drawer investment with good future upside. The rent has recently been reviewed to a market level, with future growth forecast for this area. The property consists of two buildings, with one tenant across both, however, could lend itself to a split-tenancy configuration at some point in the future.
Designed for functionality, this industrial building features two warehouse areas, a front-of-house office and ample on-site parking. The industrial property market on Industrial Place is tightly held, with properties rarely changing hands. This market is characterised by limited supply and strong demand, making this property an attractive asset for investors looking to capitalise in a tightly held market.
Key Property Highlights:
• Newly established market rent
• Passive investment - currently fully leased and returning a net rental of $120,000 + GST
• Flexible configuration allowing for either single or multiple tenancies in the future
• 955sqm land area (more or less)
• Ample onsite car parking and yard area
For Sale by Deadline Private Treaty closing Thursday 12 December 2024 at 4pm (unless sold prior).
Please contact James Valentine or Tim Thomas to access the online data room for further information.
*Boundary lines are indicative only
