Freshwater

3/20A Waine Street

Sold SOLD CONTACT AGENT
374 sqms

Key details

Property Type Industrial
Water $140 / Year
Council $1,506 / Year
Strata $9,130 / Year

Highlights

Secure Freshwater Industrial Investment - 5% net yield

* Newly refurbished creative warehouse space covering a generous 374sqm internal floor area on title plus 4 car spaces.
* Newly refurbished creative warehouse space covering a generous 374sqm internal floor area on title plus 4 car spaces.
* Located within a tightly-held light industrial pocket in exclusive Freshwater, only a few minutes from Manly Beach.
* Single tenant Investment with a solid 6+5 Year Lease.
* Net Income of $67,694 per annum + GST with 4% fixed annual increases.
* Current rent under market providing likely uplift at the market review.
* Excellent depreciation possible
* Strata title complex of five warehouses with plans in place to refurbish and upgrade the remaining properties at no additional cost to the Strata
* Significant recent capital expenditure by owner and tenant - Warrane Pty: Design + Construct + Fit out.
* Clear span warehouse with concrete flooring and ceilings providing consistent temperature and ease to control it.
* Wide electric-operated roller door allows easy access for storage and vehicles.
* Oversized windows providing excellent natural light and there are common break out areas
* Completely refitted with new bathrooms, kitchen, showers, LED lighting and operable windows.
* 3 Phase power and gas are connected to the property.
* Refurbished bathrooms with "his and hers" toilets plus showers providing end of trip facilities for a wash down after ride to work or lunchtime surf at the beach.
* Four car spaces on title accessed via a secure boom-gate.
* Rare opportunity at a near-entry level price point to get into the highly sought after industrial market.
* An amazing investment now also with the ability to "sit and hold" for potential owner occupiers on a long-term basis.
* Approx annual outgoings: $10,776

Location:
* On the doorstep to Manly for CBD access
* Walking distance to Queenscliff surf beach and Andrew Boy Charlton Pool
* Short stroll to local café and E65 express city buses as well as buses to Manly CBD and wharf.

The closest light industrial area to Manly's thriving CBD and perfectly located to transport to Manly Wharf and Sydney's CBD, it is central to a host of beaches, amenities and lifestyle hotspots, and easily accessible by bicycle, bus, car and ferry.

Call Vincent West on 0403 444 000 today for your inspection.

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

Contact the agent

Vincent West

Commercial Licensee/Director in Charge

0403 444 000

Oliver Rosati

Commercial Sales and Leasing Agent L.R.E.A

0428 877 888

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