 Asset Class: | Industrial |
 Price: | $ 2660000 |
 Net Yield: | 6.10 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<p class="mb-4">Presenting an exceptional investment opportunity with Piper Holdings PTY LTD in South Lismore, NSW. This industrial property located at 107 Warne Street features a secure long-term lease until 13/09/2025 with Norco Foods, a Division of Norco Co-operative Ltd.</p><p class="mb-4">The property offers strong income potential with a current annual rent of $114,000 p.a + GST.</p><p class="mb-4">The lease structure provides reliable monthly installments, creating stable and predictable cash flow for investors.</p><p class="mb-4">Located on Lot 30 on Crown Plan 6373, this investment comes with a comprehensive outgoing charges structure where the tenant covers key expenses including waste management, council rates, water rates, insurances, and land tax - enhancing the net return for the property owner.</p><p class="mb-4">With a well-established tenant and clearly defined lease terms, this industrial asset represents a solid addition to any commercial property portfolio, offering both immediate returns and future growth potential in the thriving South Lismore commercial district.</p>
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<p class="mb-4">South Lismore is a well-established commercial and industrial hub in the Northern Rivers region of New South Wales. Located just minutes from Lismore CBD, the area offers excellent connectivity via major transport routes.</p><p class="mb-4">The precinct features a strong mix of industrial, manufacturing, and distribution businesses, making it a key economic zone within the region. South Lismore benefits from its proximity to both regional centers and coastal areas, with good access to markets throughout Northern NSW and Southeast Queensland.</p><p class="mb-4">The area provides competitive commercial rates compared to metropolitan centers, while still offering access to skilled workforce and established infrastructure, making it an attractive location for commercial and industrial operations.</p>
Additional Location Information File<p class="mb-4">Nestle is a 100% Australian farmer-owned dairy co-operative established in 1895 and a major player in the food industry. <strong>Norco </strong>on the other hand is a dairy cooperative based in Australia, focused on producing and distributing dairy products like milk, butter, and ice cream and they supply to all major supermarket chains including Coles, Woolworths, and IGA. Norco also export products to markets such as China, Japan, South-East Asia, the United States, and the United Arab Emirates. In FY24, Norco recorded approximately $645-$768 million in annual revenue, underpinned by a vertically integrated supply chain and diversified operations across fresh milk, ice cream, and contract manufacturing.</p>
Initial Term:
Security:
Security Info:
<p class="mb-4">This investment offers <strong>solid financial fundamentals</strong> with current annual rental income of <strong>$160,000 + GST</strong>, paid in monthly installments of $13,333.33 + GST.</p><p class="mb-4">From 22/08/2025, the rent will increase by <strong>3.25%</strong> to $165,200 + GST annually, with monthly installments rising to $13,766.67 + GST.</p><p class="mb-4">The tenant is responsible for all outgoings, including:</p><ul class="bullet-list"><li><p class="mb-4">Waste management: $6,800 (approx. $566/month)</p></li><li><p class="mb-4">Council Rates: $13,422 annually</p></li><li><p class="mb-4">Water Rates: $6,800 (approx. $1,700/quarter)</p></li><li><p class="mb-4">Insurances: $12,836</p></li><li><p class="mb-4">Land Tax: $5,870</p></li><li><p class="mb-4">Estimated Mgmt. fees $ 8,000K </p></li></ul><p class="mb-4">Approximate Net Income after Mgmt fees is at $ 114,000 p.a.</p><p class="mb-4"></p>
Additional Financial Information FileInitial Term:
Security:
Security Info:
<p class="mb-4">Not applicable </p>
<p class="mb-4">To be determined during due diligence.</p>
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
days
Finance:
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Settlement:
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<ul class="bullet-list"><li><p class="mb-4">Secure tenant with Norco Foods, a division of Norco Co-operative Ltd</p></li><li><p class="mb-4">Strong annual rental income of $114,000 p.a + GST</p></li><li><p class="mb-4">Scheduled 3.25% rent increase taking effect from August 2025</p></li><li><p class="mb-4">Complete outgoings recovery from tenant including waste, council rates, water, insurance and land tax</p></li><li><p class="mb-4">Total outgoings of approximately $38,892 + GST annually</p></li><li><p class="mb-4">Strategic location in South Lismore's commercial district</p></li><li><p class="mb-4">Well-structured lease with Piper Holdings until September 2025</p></li><li><p class="mb-4">Monthly rental payments providing consistent cash flow</p></li><li><p class="mb-4">Tenant responsible for all outgoings, maximizing net return</p></li><li><p class="mb-4">Substantial 2,014sqm land size offering excellent site coverage</p></li><li><p class="mb-4">689sqm total building area featuring 655sqm warehouse and office plus 34sqm mezzanine office</p></li><li><p class="mb-4">Includes valuable 217sqm cold room facility ideal for food distribution</p></li><li><p class="mb-4">Updated Sizing:</p><ul class="bullet-list"><li><p class="mb-4">Land size: 2,014sqm</p></li><li><p class="mb-4">Warehouse & Office: 655sqm</p></li><li><p class="mb-4">Mez Office: 34sqm</p></li><li><p class="mb-4">Total Building Area: 689sqm</p></li><li><p class="mb-4">Cold room: 217sqm</p></li></ul></li></ul>
