Securely Leased Industrial Facility with Strong Income

The Details

Location
Melbourne, VIC
Type
Industrial
Purchase Price
$1,960,000 Going concern
Rent
$101,140 per annum
Yield
5.16%
Cashflow
$21,960 net (70% LVR at 6.5% interest rate)
Total Return (incl. capital gains)
$119,960 (cashflow + 5% growth)
Lease
3-year lease with 2 x 3 year options
Total Area
747 sqm

Why We Love This Property

  • High-quality industrial facility
  • 3-year first term with 2 x 3 year options
  • Unit fitted out with a Gantry Crane – ideal for fabricators
  • Adjacent to other complentary businesses
  • 747m2 net lettable area – huge building for the price!
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