These opportunities are few-and-far between when you can acquire a leased investment with a long-standing tenant and also start planning for future redevelopment in a blue-chip CBD-fringe location. This high-profile building has recently been internally refurbished and externally branded providing exceptional presentation for the existing tenant.
The improvements of approximately 440sqm are located across two separate titles and consist of reception area, offices, production floor, storage, potential showroom area, rear yard area and under-cover on-site parking.
Currently leased until September 2022, the opportunity exists to be part of the negotiation for new lease terms, effectively allowing for a shrewd investor to set the rental return on the acquisition. This property would suit an investor or owner-operator looking to plan ahead and purchase their own property, with an eye for future re-development.
KEY FEATURES INCLUDE:
* Recently refurbished office and production facility
* Long-standing (10-years) and reliable tenant
* Approx. 608sqm total land area
* Across two titles – can be split into separate tenancies
* High-profile location
* Approx. 141sqm rear yard area
* Excellent Freeway access
* Suit investors or owner-occupiers

For further information, or to arrange an inspection, please contact Cooper Egan from Square Metre Property.