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3 Secure Tenants 8% Return

Portland, 5-7 Fitzgerald Place

$820,000 Plus GST (if any)

Listing Number: LHH5422
About this listing
With 3 secure tenants yielding approx. 8% return, must make this industrial site very appealing.
The property is well located just off the ring road to the port, in an industrial zoned area.

The incomes are approximately:
Axicom phone tower lease to 2046 at $ 14,790
Bayside Industrial Coatings lease to 2025 at $ 36,144
RJ & JM Kerr, Car Restorations lease to 2021 at $ 13,000

TOTAL $63,934 p.a.

All tenants have long lease options with annual rental increases.

Contact: Darren Groves 0419 735 228
Property Information
  • Property Type: Warehouse, Other (Phone Tower), Retail

Contact Details

175 Gray Street
Hamilton

Property Location

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