The property was sold via a condition of a recently struck lease agreement, allowing the tenant to purchase the property with a set price and with agreed terms.

Built upon the site are two freestanding adjoining warehouse buildings, one of metal clad construction and the other of besser block construction.

A 4.9 tonne gantry crane with a 5.7 metre hook height is situated in the metal clad warehouse. The improvements further benefit from 3 x roller shutters, 7.9m to 9.8m warehouse clearance, drive way to rear on left hand boundary, large concrete yard at rear with 484 sqm awning and 3 phase power throughout.

Sale Overview
Sale Price:$4,700,000
Sale Date:August 2017
Income:Vacant Possession
Land Area:6,545m2
GFA:3,083m2
$/m2 lettable:$1,525
Initial YieldN/A
Lease Overview
Lessee:Samios Plumbing Supplies Pty Ltd
Area:3,083m2*
Commencement:10 June 2016
Term:5+5 years
Rent Reviews:CPI
Rental:$350,000 pa net
$/m2*$114