Unit 4/26-28 Demand Avenue, ARUNDEL

14

SOLD

RECEIVERS AUCTION - INVESTMENT OPPORTUNITY

Overview

Property Type

Warehouse

Car Space

14

Web ID

2P0207

Auction

Date & Time

Friday, 11th Jun 2010, 11:00 AM

LOT 4, 26-28 DEMAND AVENUE, ARUNDEL

Located on the rear boundary of the "Demand Avenue Plaza" strata complex on the eastern side, Lot 4 comprises a clear-span warehouse of 778m2*. It has also been fitted out with a smaller showroom and office/storage room as well as amenities on the ground floor. There is also a small mezzanine used for storage. Access is via a 4.5 metre wide by 4.5 metre roller door to the front and a 4.5 metre wide by 3.4 metre high roller door to the rear. There is the added bonus of an exclusive use rear secure yard of 223m2*. 14 car spaces are allocated to this Lot with superb access. Lot 4, 26-28 Demand Avenue, Arundel is currently leased to a national tenant with a 3 year lease.

Lot 4 has approximately 2 years to run of its initial 3 year lease and has an option for a further3 years. Lease commenced on the 1st March 2009 with commencing rental for the first year of term of $76,164.00 gross.

Outgoings - Tenant to pay Council Rates and Landlord to pay Body Corporate Levies.
Rental Increases - Greater of CPI or 5% annually throughout the term.

Demand Avenue, Arundel is conveniently located close to Brisbane Road (within 1km), Harbour Town Shopping Centre (within 2km) and the M! Motorway (within 6km) together with a bus service 600 metres away.

Contact Vic Mackay-Payne 0414 88 00 44