Key Highlights
• Location: Central Coast, NSW
• Land size: 696m2
• Building size: 570m2 + 7 car spaces
• Annual Net Rent: 162,240 Net + GST + Outgoings
• Lease Term: 3year to 2025 + 3year option to 2028
• Increase: 4%
• Price: $3,500,000
Client MandatePaul is an experienced residential investor who engaged us to source his first commercial Investment property. His main goal was to have a low-maintenance investment with a quality tenant to avoid any headaches or risks of vacancy and yield higher than residential without compromising growth.
ResultSourced off-market, this freestanding 570m2 Industrial freehold on 696m2 land in Banksmeadow has a long standing tenant who signed a new 3year lease to 2024 + 3year option to 2035, with strong 4% with annual increases providing a low-maintenance, stable and secure income to our client. We negotiated a $250,000 discount off the asking price securing this fantastic asset for our client that has historically been growing 8% you.
See how we can help you Invest in or Occupy your ideal Commercial property.