TENANTED INVESTMENT - LINCOLN NORTH

Ray White Austar Realty Ltd - Commercial Division are excited to present Unit 3, 35 Waipareira Ave, Henderson for sale.
This quality industrial unit offers a total area of 308 sqm (approx.), and is contained on a Stratum in Freehold title, with a well established food grade commercial tenant.
The building offers high stud tilt slab warehousing of 230.2 sq m (approx.) with a comprehensive food grade manufacturing facility throughout, a first floor area of 37.2 sq m (approx.) which contains lunch room, staff area and development room for their product, plus ground floor office/entrance area of 40.4 sq m (approx.).
The tenant has operated their business from this unit for 7 years with the current lease expiring in May 2025 and returning $52,972.28 net pa (plus GST).
Situated in the sought after and highly regarded Lincoln North industrial precinct, with quick access to the North-Western Motorway via Lincoln Road or Central Park Drive.
Property features include:
• Long term tenant occupying since 2016
• Returning $52,972.28 + GST net pa with CPI rent review in June 2024
• 3 phase power
• 5 allocated carparks
• Close to motorway interchange

Seriously for sale, this is an investment that should not be overlooked, or suitable for an owner occupier looking for a building that offers a quality holding tenant.
In respect of the tenants food grade operation viewing of this property is strictly by appointment only - please contact sole agents Glenda West 021 591 231 or Trudi Pirini 0273 333 182 to arrange a site inspection.