31-39 Catherine Street,
Morwell
Sold1 of 35Well Established Logistics & Food Distribution Centre - Yield 8.24% Net
Industrial/Warehouse
12 CAR|1,500m2 FLOOR|5 acre LAND
Sold - $1,750,000
- Long term tenant, PFD Food Services P/L, Australia's largest privately owned foodservice network
- Current combined net income $144,262.14*p.a. + GST with CPI annual increases
- Tenant pays 100% of all building outgoings as per the lease
- Five (5) year lease to 31st May 2022 with two (2) further terms, each of five (5) years
- 5 acre* site with 3 street frontages plus scope for future development or value add (S.T.C.A)
- PFD Food Services has occupied the site since June 2007, and currently have 47* outlets Australia wide
(*approx.)
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