Unit 10/77 Munibung Road
The Perfect Warehouse Investment
Auction: 12th July 2018
Building Area: 724m2 (approx)
Situated in the heart of the Cardiff Industrial Estate and on the soon to be extended Munibung Road this warehouse/investment property is in the ideal position to benefit from the increased demand that this suburb will experience when the road extended. Up until then the property is currently leased to Cetnaj a subsidiary of the publicly list Metal Manufacturers Ltd.
The unusual thing about this investment is that the building is currently vacant with Cetnaj seeking a replacement tenant to fulfil their lease obligations up until 30/06/2021 when their lease expires. Other features of this investment property include:
* (180m2) air-conditioned office space
* (544m2) high clearance warehouse with dual roller doors
* Dedicated on-site car parking in front of office
* Outgoings paid by tenant
* Current net income: ($80,000pa + OGs + GST)
With (3) years still remaining to a publicly listed company this flexible building is in a prime location and is ideally configured for a warehouse distribution centre. As the existing tenant has vacated this is also an opportunity for an owner-occupier to purchase and negotiate the release of the existing tenant.
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