Articles for the Month of September 2020

Modern high bay warehouse with internal clearance ranging from 6.5 to 7.5 meters

Separate male and female amenities with a kitchenette

Situated just off Wentworth Avenue and adjacent to Eastgardens shopping Centre

This property has immediate access to the City, Airport and Port Botany.

Lessee: Wine Gallery Pty Ltd

Rental: $89,773 pa + GST + 100% outgoings + GST

Lease term: 3 + 3 years

Commencement: 1st September 2018

Reviews Fixed annually at 4% - Current Market Review at Option

A high Industrial quality unit situated in the prestigious Federation Business Centre which is within easy walking distrance of Danks Street.

Both the ground floor showroom and 1st floor have partioned offices are air conditioned.

The warehouse has container access and an electronically operated roller door.

With the B4 Mixed Use Zoning & 1.75:1 Floor Space Ration this unique Investment has enormous upside in the medium to long term as the Business Park will most likely be redeveloped into high density residential.

Current estimate of the site is 0.5:1 FSR

Lessee: Central Security Distribution Pty Ltd

Rental: $98,940 pa + 100% outgoings + GST

Term: 3 years

Terminating: 17th July 2022

Increase: Fixed at 4% next due 18th July 2021