Comprising eight factory units with a total lettable area of 4,825sqm on a land parcel of 20,240sqm, the complex has an annual passing income of approximately $726,447 net +GST.
The complex is located within an IN1 General Industrial Zone and features a large hardstand area of 6,376sqm.
“We received a high level of interest from developers and investors who see Mulgrave as having significant future growth potential,” Mr Micallef commented.
“The purchaser is a local owner occupier with an existing investment portfolio in the area, who was attracted by the opportunity to occupy part of the site while also collecting a strong income from the property.”
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