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Salisbury, 190 Park Terrace

3 Fully Leased Warehouse - Retail Outlets!

$1,250,000 - $1,350,000

  • Listing Number: SWV25967
Property Information
All on one title, modern well equipped warehouses.
unit 1= 360m2 in area, leased to Signarama Salisbury.
This company utilizes this unit to produce signs, display signage. Occupying the old Tonkin In Car Solutions site.
leased until the 14/1/2019 at Approx $40,000.00 net pa
council rates - portion $2,691.25 (2016-2017)
unit 2 = 216m2 in area, leased to Affordable Wheels.
A retail automotive out let for vehicle tyers and repairs.
leased to be extended. Tenant looking to renew.
council rates - portion $2,018.45 pa (2016-2017)
unit 3 = 264m2 in area, leased to Gary's Garage
Automotive mechanic repair workshop.
leased to be extended. Tenant looking to renew.
council rates - portion $2018.45 pa (2016-2017)
insurance for all three pa $1,987.55
ESL ( 2016 - 2017) $1,437.75
Water pa $2,585.32 sum of last 4 rate notices Jun 16 /Sept 16/Dec 16, March 17
Maintenance of grounds, car park and garden area
pa $960.00
Prime investment with strong returns!
Modern tilt up concrete construction all with high span roller door entries.
Off Street Car Parking. High Visual Corner Location.
Located on Park Tce with excellent main road exposure!

Floor Area840 sqm
Land Size1773 sqm
TenureFee Simple
ParkingCarparks: 20
Property TypeWarehouse, Office, Retail, Tenanted Investment
Property Features3 fully leased ware-houses, main road location., Level Number: 1
TenancyTotal rental if more than 1 tenancy $ (+ GST): 81000.00, Additional Details: Tenancy 3 Tenants - Gary's Garage - Gary and Amanda Turnbill
area sqm - 264
rental net/pa $21,400.00
Tenancy 1Area Sqm: 360, Commencement Date: Monday, 11 January 2016, Expiry Date: Monday, 14 January 2019, Rental net/gross p.a.: $40,000.00 net, Tenant Name: signarama Andrew Lawson, Term (years): 3x3
Tenancy 2Area Sqm: 216, Rental net/gross p.a.: $19,700.00 net, Tenant Name: Affordable Wheels - Ahmad Almadi

Contact Details

Harcourts Property People RLA 60810

685 Port Road
Woodville Park
Office website

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