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Industrial/Warehouse

38-40 Albert Street Warrnambool, VIC 3280

Sold on 6 Aug 2021
  • Building: 884m²
  • Land: 2,034m²
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Industrial/Warehouse in Warrnambool

TIME TO GET YOUR MONEY WORKING?

  • Building: 884m²
  • Land: 2,034m²

This set and forget investment is now on offer in Warrnambool's busy industrial estate. Located on a high exposure corner, is this dual tenancy building with long term businesses in place.

  • Dual tenancy with current net income $52,000 per annum
  • Fixed rental increases will see the return at $60,000 per annum in 2023
  • 3 year lease in place for both sites with further options
  • Potential future income from land available for further development

38 Albert Street - approx...514m2 building space & 400m2 yard
40 Albert Street - approx....370m2 building space & 150m2 yard
Total Site - approx. 2034m2

As the city of Warrnambool continues to grow and develop, sites like this are becoming harder to find.

Call today for further information!

Building:

884m²

Land:

2,034m² / 0.5 acres

Tenancy:

Tenanted

38-40 Albert Street, Warrnambool, VIC 3280