Print Bookmark | Property ID: 182356

Quality Industrial Building

Well located in the industrial area in west Armidale with a well established tenant in place. the tenant is running a highly successful business and is only in the second year of a 5x5x5 lease,rent increase is set at a flat 3% increase each year. This is a very solid investment showing a healthy net return

current rent is $37,343 with next increase 20/02/2008.

Tenant pays 85% of out goings. At asking price property returns 9%+ net return.