Fully Leased Freehold Industrial Unit Complex With Immediate Rental Growth Potential
This solid industrial investment comprises of a four-unit complex which occupies a highly favourable position in Lawson Crescent being some 30 metres from busy Orlando Street and approximately 500m from the Pacific Highway.
The building is divided into four leasable units each with separate amenities.
Unit 1 enjoys high profile frontage to Lawson Crescent, whilst the other unit's roller doors and signage face Lawson Crescent.
The complex is leased to four well established tenants and generates a gross annual rental income of $104,070 plus GST ($90/m2 average).
One tenant is on a monthly lease allowing the new owner immediate rental growth potential, whilst another lease expires in January '25 and two leases expire in '26.
This ideal investment property enjoys the following features:
• Popular northside industrial location
• Good quality well established tenants
• Immediate rental growth potential
• Rarely offered sought after investment
• Strata title subdivision potential
• Suit SMSF or similar
• Accessible price range
If you been seeking a well-managed, secure industrial investment opportunity on Coffs Harbour's popular northside then CALL NOW!!!
This property is available for sale with an asking price of $1.525m showing a gross rental of 6.85%.
Call Exclusive Marketing Agents LJ Hooker Commercial for all further details:
Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com