Comprising a 1950sqm building situated on a 3,141sqm parcel of land, the property has a lease in place to Trellborg Wheels until 2021, returning a net annual income of $181,066.
Mr Murphy noted the vendor is divesting the property in a move to recycle funds for its development pipeline at a time where the construction industry is finding it challenging to secure traditional bank funding.
“The purchaser is a local owner/occupier who has secured a strong investment for the remainder of the term while safeguarding their business for future expansion.”
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