71-73 Essex Street GEELONG VIC

SECURE MOOLAP INDUSTRIAL INVESTMENT

Sold

Industrial

Overview

Type
Industrial
Contract
Sold
Building Size
716 sqm
Land Size
1,501 sqm

This fantastic Moolap property represents a first-class opportunity to invest in this ever-popular precinct. Situated on a prominent corner allotment of over 1,500m2 the property has a large factory/warehouse facility of approx. 716m2 and has been home to a successful joinery business for over 20 years. With ample power, multiple roller-door access, offices and staff facilities the building offers heaps of options. With a new 3x3x3 year lease in place at $45,000PA plus GST and Outgoings this industrial investment ticks all the boxes; including a well-established long-term tenant business, prominent position in a tightly-held area, future growth and redevelopment potential. This one is rock solid at a handsome 7.2% net return. Get your SMSF to work!

Secure Industrial Investment
716m2 approx. of factory/warehouse
1,500m2 approx. corner allotment
3x3x3 year lease at $45,000PA plus GST & Outgoings
Long-term successful tenant in occupation
Future redevelopment potential
Zoned Industrial 1

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