This property will be appealing to any investor. It is currently leased to a long-term national tenant on a five year lease with the option of a further two five year periods. Offering an approximate return of 7.2% on the investment.
The complex is in excellent condition. The shed is constructed of steel sheeting with access via a large roller door at the front and a further roller door down the side. The building covers an area of approximately 2900 sqm. Within the front of the shed is a brick administration building with a reception/showroom, two offices, male, female, and workers’ toilets, and a kitchen. There is also a mezzanine level of approximately 125 sqm with a large open area, two storerooms and a lunchroom with a kitchen, bringing the total floor area available to approximately 3025 sqm.
The balance of the land is given over to a large side storage yard and onsite parking at the front. The whole site is fully concreted and fenced with access via security gates at the front of the property.
11 Saxon Street is located in the West Wagga industrial precinct on a site with prime exposure to the entrance to Bunnings, which is located at the end of Saxon Street. The area is zoned IN2 in the WWCC LEP2010 and offers easy access to the Sturt Highway and the surrounding suburbs.