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INVESTMENT - Self- Storage units, Work bays, ROI 10% house - all let - FREEHOLD

$615,000

INVESTMENT - Self- Storage units, Work bays, ROI 10% house - all let - FREEHOLD
Price $615,000

Description Listing #120

INVESTMENT - Self- Storage units, Work bays, ROI 10% house - all let - FREEHOLD

Fabulous investment/ income - Situated on 1.25 acres of prime industrial land this Freehold rural (lt industrial ex 4a) property is a tremendous opportunity to forge ahead in today's economic climate.

Consisting of 10 besser block built factory bays (each 9m x 6m) and a new Ranbuild building containing 6 small self-storage bays. These fully occupied units achieve excellent rental returns -gross $72,000.
Each factory bay has its own power meter and three have the added advantage of 3 phase power, and 4 have mezzanine floors.
Toilet amenities are provided for tenants' usage.
The comfortable three bedroom home has ensuite facilities, combustion heater, new Ranbuild double workshop/garage 9m x 6m

Planning consent for 5 more large workshops.

* Excellent ROI - approaching 10% net
* Good rental on house
* Low overheads
* Easily run from distance.
* House has new large double garage/workshop
* House newly re-decorated
* New floor-covering in 2 bedrooms
* Drive recently resurfaced
* Planning consent still valid (open ended as already started) for 5 more large bays,
* Estimated rental for PROPOSED SHEDS - about $20,000 ex gst per annum EXTRA
* Waiting list is the norm - No advertising necessary
All figures available, please ask.

Reason for sale - Ill health and relocating overseas

Details

Price $615,000
Location Wauchope NSW
Categories Services Industrial/Manufacturing Rural
Date Listed 25th May, 2014