Brookvale

27 Ethel Avenue

Auction AUCTION 24th November 2016
968 sqms

Key details

Property Type Industrial
Land Area 1160 SQM

Highlights

Rare Large Industrial Block in Brookvale

Land Area: 1,160sqm approx. Warehouse: 633sqm. Office: 160sqm. Secure covered storage: 175sqm. Total: 968sqm.
Land Area: 1,160sqm approx. Warehouse: 633sqm. Office: 160sqm. Secure covered storage: 175sqm. Total: 968sqm.

This is a rare opportunity to invest/ occupy later and be part of the developing and changing Brookvale area in the heart of the Northern Beaches. Take advantage of the freestanding building and add value or enjoy the holding income while you put together plans for your perfect property.

Warehouse Lease Details:
Tenant: Warringah Plastics Pty Ltd
Lease Term: One Year
Options: One Year
Rent: $98,800 + GST Gross
Lease commencement 1/8/2016
Lease Expiry: 31/07/2017
Reviews: 4% or CPI whichever the greater at option
Warringah Plastics who has been leasing here since 2010. Occupying the downstairs area only, leaves room for adding an additional tenancy and $32,000 income from the upstairs area.

FEATURES;
* High clearance clearspan warehouse
* 7.5m max clearance approx.
* Ground floor offices off reception
* Male and female bathrooms, shower and breakout area
* Level 1 office and open plan office area and separate large boardroom. Side office with workstations. Staffroom and kitchenette
* Great natural light from translucent sheeting in the warehouse
* Multiple access points to the warehouse
* Additional large warehouse/storage shed of 176sqm with 4m clearance
* UCV: $961,000
* Outgoings: $13,813 per annum approx.
* Net Rent: $84,987 + GST
* Potential Net rent: $117,000 + GST.

For an information memorandum or to inspect contact Vincent West on 0403 444 000 or Paul Cunningham on 0413 161 661.

This well-proportioned high clearance warehouse, perfect for pallet racking and stacking is complemented with well-presented offices giving you the opportunity for a smooth transition into this property at a later date.

LOCATION:
Brookvale is the main Industrial centre for the Northern Beaches with Westfield Warringah Mall and all its amenities including banks, Australia post, public transport, retailers, cafes and eateries. Close to Pittwater Road, the main arterial road for the Northern Beaches providing access to greater Sydney.

**All rentals are per annum and quoted areas/measurements are approximations only**

Important times

Auction time

  • Thursday 24 November
    On Site
    6:00pm

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