Located in the New Base industrial estate of Brendale, 29 Griffin Crescent offers the opportunity to secure an A Class industrial investment asset!
The site is fully lease to a National packaging company, who have been in the premises for 7+ years and now on a new 7 year lease. The site is a very prominate corner position with two street drive around access!
Property Features:
– Full concrete tilt panel construction
– 1,740m² of total building area on 5,175m² industrial land
– Low building coverage allowing long term upside with additional building
– Full height warehouse with multiple roller doors
– Full concrete hardstand + large loading awning
– Fully leased asset
Lease Details:
– 7 Year lease term ( Commenced 1/08/2024 )
– Rent: $389,386 + Outgoings + GST PA
– 3.5% Annual Increases
– 100% of outgoings recovered including Management fees.
For further information please contact myself on 0431 375 119 or email over the holiday period. This site will be actively marketed for sale in February however owners happy to sell prior.
