Industrial Warehouse Investment Opportunity


This 3,590sqm freehold block with 2 industrial warehouses in an extremely tight rental market which sees this type of property lease within only 20 days. Both warehouses are currently significantly under-rented by approx. $80k pa. A conservative cap rate of 6.5% equates to a value uplift of $1.23M+.

With a total building area of 1,879 sqm, the rebuilt value is around $3.75M ($ 2,000 sqm) + land at $900k ($250/sqm), making this an excellent purchase at only $2.15M.

Key Highlights of this property include:

• 3,590sqm freehold block (54m street front)
• 2 leased warehouses
• Net Rent $140k pa + outgoings + GST
• Tight rental market for industrial units leasing within 20 days
• Under-rented by $80k pa
• Adjusted rent = $225,480pa + outgoings + GST
• Adjusted net yield = +10.4%

Building Type: Industrial

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