This modern and very well design industrial property is offered for sale subject to a 3+3+3 year leaseback to Aitken Welding Supplies, a substantial family owned independent Australian company that has been operating since 1985.
The company supplies and services an area from Central Queensland, South East Queensland to Northern New South Wales and interstate.
The property is located at Toormina, a popular industrial location approximately 8 kilometres south of Coffs Harbour CBD.
Some 50% of Coffs Harbour's population reside in the suburbs of Toormina, Sawtell and Boambee.
The property has a wide street frontage to Newcastle Drive and accommodates a total site area of 1,454m2.
The site is mostly concrete sealed and provides excellent onsite car parking and truck accessibility.
The building, which faces the street frontage, has an approximate gross leasable area of 500m2 and offers a good working height clearance.
It is serviced by four roller doors, each facing the concrete hardstand/car parking area, making truck deliveries and customer service a breeze.
The steel portal framed and clad building has modern painted rendered cement sheet cladding, an insulated roof, attached fluorescent lighting and is serviced by three W.C's.
The building is fully utilised by Aitken Welding Supplies who are leasing the property for 3+3+3 years, commencing from the date of settlement.
The net annual rental of $40,000 plus GST, equates to $80/m2, which is in line with prevailing market rentals.
The tenant is paying 100% of the property's outgoings.
Features of this prime industrial investment are as follows:
- Popular location
- Well designed and very usable building
- Excellent street frontage
- Great vehicular access and hardstand area
- Multiple roller door access
- High quality Australian company tenant
- Accessible price range
- Highly attractive 8% net return
If you've been looking for a low maintenance, easy care, high yielding and high quality investment that is within an accessible price range then CALL NOW!!!
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