So rarely do standalone freehold sites in an affordable price bracket come to the market of this nature. This property provides buyers with full flexibility with multiple tenancy income streams on short/flexible leases meaning buyers can enjoy the low risk of multiple tenants, add value by getting significant rental growth or move your own business in when you are ready.
The property itself sits on a 4,016m² level rectangle site with dual access and great exposure to Dominion Road. The site is fully fenced and has drive around capabilities with the building of 1,310m² split into 25 tenancies. Each unit features a single manually operated roller door and is equipped with essential utilities, including water, electricity, four sets of communal amenities, fire alarm and security alarm. Includes perimeter fencing around the property and 2 gates onto Dominion Road providing a functional site for vehicles coming and going. The expansive yard around the whole property features a combination of concrete and gravelled areas and could be further developed in the future.
Aside from rental growth the excess land allows for further improvements and the construction allows to create larger warehouse / tenancies if a buyer wanted to use it for their own business.
The split risk nature of this investment along with the various upsides make this a truly unique offering in the price bracket.
Features:
* 4,016m² freehold functional site with excellent road frontage
* 1,310m² building
* Caters to owner occupiers, investors or add value buyers
* Opportunity for significant rental growth
* Holding income of $128,487 net p.a. across multiple tenancies
* A truly affordable split risk investment!