Check out our online version of this week's Domain for great tips, articles and homes to discover
4000 square metres
- 35 Legana Park Drive, Legana
- Agency: Harrison Humphreys
- Contact: Ben Humphreys, 6332 6413 or 0408 569 366
Leased to single longstanding tenant, McDermott's Coaches, who have been in occupation since 2011, this property comprises 4,000 square metres of land that has been extensively improved.
Located at Legana Park Drive, here is an opportunity to secure a tenanted investment property with a long-term tenant in place and offering versatility going forward.
The current lease term runs until 2 October, 2022 with one three-year option to follow.
With a net yield of just over 7.4 per cent, the property comprises a front warehouse and office building separated into two workshop areas and at the rear is a residential one bedroom flat.
Consisting of three rear warehouses in total, the external walls are tilt-up concrete panel, as are the sectional walls, and all have their own amenities.
All have excellent roller door access and clearance.
Adjoining this is a two level building, the lower level providing tea room, amenities and office facilities for one of the three warehouses and the upper level is a second one bedroom flat.
Security fenced, the yard area is extensive and is bitumen and concrete sealed offering excellent access along with great car parking.
This is a property that suits continued occupancy by a single tenant or, down the track, could easily be leased as multiple tenancies or strata titled (subject to securing any required approval) of up to five separate self-contained light industrial tenancies (excluding the flats) or strata lots of various sizes.
This property is an income-generating asset where future potential is yet to be realised, so don't delay.