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Key Highlights
• Location: Central Coast, NSW
• Building size: 1783m2 + 9 car spaces
• Annual Net Rent: 165,000 Net + GST + Outgoings
• Lease Term: 7year to 2028 + 7year option to 2035
• Increase: CPI or 3.25%
• Price: $2,850,000
• Net yield: 5.8%
Client MandateNeil is an investor who engaged us to source his first commercial Investment property, ideally with a 5%+ net yield. His main goal was to have a low-maintenance investment with a quality tenant to avoid any headaches or risks of vacancy.
ResultSourced off-market, this large 1783m2 Industrial property in a small estate of 6 has an A+ tenant in occupation since 2021 on a 7year lease to 2028 + 7year option to 2035, with strong CPI or 3.25% with annual increases providing a low-maintenance, stable and secure income to our client. We negotiated a $150,000 price reduction, and conducted extensive DD establishing a well below market rent with future upside.
See how we can help you Invest in or Occupy your ideal Commercial property.
