35 Phoenix Street,
Warragul
Sold1 of 23Rare Industrial Investment, 6% + Net Yield, Security Of Tenure
Industrial/Warehouse
1,350m2 FLOOR|2,730m2 LAND
Sold - $1,525,000
- 5 year lease commenced, 1st May 2019 with 2x5 year options.
- Current rent $97,500*pa, 3% fixed annual increases.
- Tenant pays 100% of all building outgoings.
- 2730m2*, Industrial 1 zoned site with 50m frontage to Phoenix Street, hard stand yard and car parking.
- Total building area 1350m2* includes mezzanine, 3 phase power, high clearance roller doors, 2x overhead cranes, retail area and amenities.
- Rare opportunity to purchase a securely leased investment in a tightly held industrial precinct.
(*approx.)
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