This modern high clearance industrial warehouse is subject to a renewed lease to Bidvest, a global food giant with an annual turnover of $10 billion.
The lease expires 2020 with an option of renewal for a further five years.
The building was purpose built for the food storage business which has been in occupation since 2003.
Bidvest has a substantial internal food cold storage fit out with an estimated replacement cost of over $1 mil.
Bidvest Australia Limited is a public company that is ranked 132 out of the top 2,000 companies.
The NAR is $246,020 plus GST and the tenant pays 100% of the property's outgoings.
The building has an approximate gross leasable area of 2,884m2 and accommodates dry food storage, freezer and bulk freezer areas, loading docks, plus ancillary air conditioned offices and retail sales.
The approximate total site area is 6,781m2.
The property is zoned IN1 and is situated within a tightly held industrial precinct some 5 kilometres from Coffs Harbour's burgeoning CBD.
Adjoining the property is a gravel sealed vacant property at 46 Hi Tech Drive, with a site area of 2,316m2, which can be also be acquired.
Features of this outstanding investment are as follows:
* Long term lease to a global food giant
* High quality public company tenant
* Purpose built modern building with substantial tenant owned fitout
* Located in a tightly held major regional growth centre
* Valuable depreciation benefits
* Lessee pays 100% of the property's outgoings
If you've been looking for a secure high quality industrial investment then CALL NOW !!!
For a copy of the Property Information Memorandum please contact the Exclusive Marketing Agents:
