Large High Yield Warehouse/Office
with Blue Chip Tenant
The Details
Location: Tamworth, NSW
Type: Warehouse/Office
Purchase Price: $1,820,000
Net Rent: $139,380
Net Yield: 7.66%
Cashflow: $48,207 (70% loan at 6.5%)
Total Return Including Capital Gains: (cashflow + 6% growth) $157,407
Lease: 2 year lease with 4% annual increase
Total area: Massive 4,376m2 block with a total 1997 sqm* NLA
WHY WE LOVE THIS PROPERTY:
Long tenant history of 10 years +
Large complex with 3 separate sheds on site
Modern office space with large warehouses
Hard stand with drive through access