![]() Asset Class: | Industrial |
![]() Price: | $ 970000 |
![]() Net Yield: | 6.00 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | On Market |
<span style="color:rgb(0, 0, 0);">Presenting a brand-new industrial strata unit with an 18-month lease to a vendor related entity for financing purposes.</span><br><span style="color:rgb(0, 0, 0);">Boasting M1 highway exposure and close proximity to Bunnings, Costco, Westfield North Lakes and car dealerships including Hyundai and Nissan, these units are expected to be in high demand for the foreseeable future.</span><br><span style="color:rgb(0, 0, 0);">200sqm to 250sqm industrial units are perfect for a wide range of tenants including businesses in e-commerce, technology, warehouse and distribution, business services, trades, medical supplies, storage, manufacturing, recreation and hobbyists.</span><br><span style="color:rgb(0, 0, 0);">With low vacancy and growing activity in the area, these units are expected to lease well into the future, and being new builds, will enjoy depreciation benefits.</span><br><span style="color:rgb(0, 0, 0);">We look forward to securing this opportunity for you.</span>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
Refer to attached document for further photos.
Additional Location Information FileKingsmede (developer) - reputable Sydney based developer and investment manager.<br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.kingsmede.com.au/about-us/"><u>https://www.kingsmede.com.au/about-us/</u></a>
Initial Term:
Security:
1.5 months Bank Guarantee
Security Info:
1.5 months Bank Guarantee
Refer attached "Sales Prices and Rents" file for negotiated prices and 18 month leaseback rents.
Additional Financial Information FileInitial Term:
Security:
1.5 months Bank Guarantee
Security Info:
1.5 months Bank Guarantee
Refer to attached file.
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<span style="color:rgb(51, 51, 51);">Brand new industrial strata units</span><br><br><span style="color:rgb(51, 51, 51);">18 month leases to vendor related entity (vendor required to find replacement tenant at vendor cost)-reputable developer: Kingsmede.</span><br><br><span style="color:rgb(51, 51, 51);">Practical Completion expected in April 2025 (where finance date is 5 business days after titles are issued so the client is no unconditional until after the property is completed and titled for finance purposes).</span><br><br><span style="color:rgb(51, 51, 51);">Exceptional location (Bruce Highway exposure, close to North Lakes Westfield, Costco, Bunnings, Nissan and Hyundai Car Dealerships)</span>