INDUSTRIAL OPPORTUNITY WITH HUGE UPSIDE

A rare opportunity to purchase in Canberra's most tightly held industrial suburb of Mitchell. With two longstanding tenants on month to month leases, this offers flexibility for owner occupiers, investors and developers.

• 2,601m² block
• 996m²* total warehouse space
• Dual access via Kemble Court & Grimwade Street
• Tenancy 1: 498m²* warehouse + 899m²* yard
• Tenancy 2: 498m²* warehouse + 527m²* yard
• NET Rental = $63,376.10*
• Expansive secure outdoor yard areas
• Excellent vehicle and delivery access

Tenancy 1:
Monthly Rent $4,951.33 inc GST
Month to month tenancy. Has been ongoing for more than 25 years

Tenancy 2:
Monthly rent $5,443.16 inc GST
Month to month. Has been ongoing for more than 20 years

Outgoings:
Rates - $59,000
Water - $2,357.78
Total = $61,357.78

*Approximately

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