Description: Leased to Austral Masonry, Telstra and Optus Mobile, at $253,598 gross per annum with outgoings estimated at $18,517, this Coffs Harbour NSW Industrial property is netting approximately $235,081. The site is made up of two titles totalling 8582m2 and contains two major buildings of 1147m2 approx and 1597m2 approx plus several other structures such as covered outdoor storage areas and media bins. Telstra & Optus have a 20 years of ground rent leases on a Mobile Phone Tower and two small communication sheds on the site. The property is located in a popular industrial estate currently zoned 4A Industrial and scheduled to be rezoned IN1 General Industrial in early 2013.
The site may well provide future redevelopment opportunities as zoned Industrial Land in Coffs Harbour diminishes.
A full Information Memorandum is available by contacting The Comemrcial Real Estate Agency, Ph 0408 512 529.