High Yield, 2 Tenants, Great Investment!
Description
Auction - Wed 10th December @ 12 noon on site
Modern warehouse premises with two clean tenants, at settlement will be returning approx $63,000 per annum net, both tenancies with street frontage:
1 Joyce Street:
* Leased to DDC Tool & Plastic Industries Pty Ltd
* Existing 2 year lease expires December 2009, tenant has a 3 year option,
* Current return of $24,840 with a CPI increase on 1st January 2009
* Tenancy area of 414 sqm approx.
3 Joyce Street:
* Leased to Rollerskate Investments Pty Ltd
* Existing lease expires 6th January 2011, tenant has 2 further terms of 2 years
* Current return of $35,520 per annum net with a CPI increase 6th January 2009
* Tenancy area of 592 sqm approx.
For more details and inspection, please call Gavin Dumas 0411 878 423
Modern warehouse premises with two clean tenants, at settlement will be returning approx $63,000 per annum net, both tenancies with street frontage:
1 Joyce Street:
* Leased to DDC Tool & Plastic Industries Pty Ltd
* Existing 2 year lease expires December 2009, tenant has a 3 year option,
* Current return of $24,840 with a CPI increase on 1st January 2009
* Tenancy area of 414 sqm approx.
3 Joyce Street:
* Leased to Rollerskate Investments Pty Ltd
* Existing lease expires 6th January 2011, tenant has 2 further terms of 2 years
* Current return of $35,520 per annum net with a CPI increase 6th January 2009
* Tenancy area of 592 sqm approx.
For more details and inspection, please call Gavin Dumas 0411 878 423
