6-8 Allen Court

Torrington Q 4350

$ 1,680,000

Basic Facts

Floor Area: 650 m² Land Area: 8082 m² Car Parks: 20 onsite car parks
Zoning: Medium Impact Industry Net Rent: $ 125,469 Yield: 7.5% Net Yield
Priced to Sell – Tenanted Investment – 5 Year Lease – 7.5% Net Yield!

Situated on a 8,082m2 block in the Medium Impact industry zone in Torrington, 6-8 Allen Court presents a unique opportunity to purchase a set and forget tenanted investment.

Planet Paints tenant the property and have done so for quite some time. They have just signed a new lease providing guaranteed income for the next 5 years. The property is producing a net income of $125,469 per year with annual CPI increases and the tenant pays all outgoings.

The property incorporates:

  • 360m2 Warehouse / Production area
  • Separate 190m2 Sales / Office area
  • 100m2 Storage shed

The property has a concrete driveway for easy access and plenty of onsite car parking. Currently situated at the rear of the property there is also the potential to develop approx. 2,100m2 at the front of the property.

With direct access from one of the industrial arterial routes, Carrington Road, this property has huge potential for growth whilst receiving an income from the current tenant.

  • Properties Qty: 130
  • Company: DC Commercial

With over 25 years experience in his own business, Drew Camm has a wealth of knowledge and experience both in business and negotiating. With a vibrant personality, Drew has established DC Commercial, building the business to focus on being innovative, dynamic and providing excellent customer service.