28 Cranbrook Road, Batemans Bay NSW 2536

$860,000

74,670 Reasons to look at this!

Both units are leased with long term tenants. Unit 1 has 5+5 with rent being $30,000 P/A + GST. Unit 2 is on a new lease term at $34,270 P/A + GST. Vacant land at the rear has also recently been leased at $10,400 P/A + GST
Building 616 sqm but can be sold separately. High opening roller doors. The factory is only a few years old with plenty of depreciation. Gross rent $74,670 P/A - 8.7% Gross return - 7.7% Net return.
Rates: $6,200
Insurance: $2,000 P/A
LV: $180,000
Zoned: IN1

Property Details

• Type: Industrial/Warehouse
• Return Value: 8.70
• Tenancy: Vacant