Secure Sydney Industrial Asset with Long Lease

The Details

Location
Sydney, NSW
Type
Industrial
Purchase Price
$4,100,000
Rent
$216,320 net per annum
Yield
5.28%
Cashflow
$59,770 (70% LVR at 6.5% interest rate)
Total Return (incl. capital gains)
$264,770 (cashflow + 5% growth)
Lease
First 5 year term expiring 14th July 2029 with 2 x 5 yr further terms
Total Area
550.60 sqm

Why We Love This Property

  • Net lettable area of 550.60 sqm across ground floor, canopy, office and mezzanine
  • Established tenant with lease commencing July 2024
  • Annual fixed rental increases of 4%
  • Tenant pays 100% of recoverable outgoings
  • Located within the tightly held Randwick City Council area
  • 2 x 5 yr options taking the lease out to 2039!
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