, Cromer NSW

For Sale

Industrial

SOLD

230m2

This property is located in a small exclusive strata complete of 12 warehouses built in 1991 on 169 South Creek Road. The building comprises of an upper and lower level. Number 3 been situated in the north top left hand corner of the complex providing easy access.

This 3.2 metre high clearance warehouse comprises of 230sqm of internal warehouse with 4 car spaces, 3 of which are under cover. The property would suit two types of buyers:

1) The savvy investor. 5.6% return. The property can be sold with a sold 3 year lease and 3% annual reviews. Ideal for an investor looking to lock in 3 years of capital growth while generating a strong return & annual income with an additional 3% review each year.
2) The owner occupier. Someone who needs a warehouse straight away for their business in a IN1 location, 3 phase power, centrally located, easy access and plenty of room with 230sqm of warehouse space.

Opportunities like this don't come up very often, so I urge you to review this opportunity and inspect it today!

FEATURES:
* Total 230sqm of internal warehouse including 13sqm of office space
* 4 cars spaces, 3 of which are under cover
* Prime position situated in the north east corner of the complex
* Perfect for owner occupier or investors total net income of $43,640
* 5.6% return
* Strong secure tenancy with solid income and attractive 3 year lease term and 3% annual reviews
* A guaranteed rental return and commercial capital growth for the next 3 years if you are investing
* Kitchenette, shower and toilet
* Air conditioned factory floor
* 3 Phase Power 200 AMPS per phase
* Insulated workshop
* Loads of natural Light
* 20 foot container access
* Above office storage
* Ideal for business which requires a small office, with loads of room for warehousing raking or fabrication work
* Built in 1991 this is a professionally managed complex of 12 boutique warehouses
* Greater work/life balance with easy access to beaches/leisure activities
* Positioned in the highly sought after commercial and industrial precinct
* Excellent transport links close by with services to Manly Wharf and Sydney CBD
* FOR SALE $780,000

For more information, or to arrange an inspection, please call Paul Cunningham 0413 161 661.

**All rentals are per annum and quoted areas/measurements are approximations only**