Prime Industrial Investment – Global Auto Parts Manufacturer – Circa 8.5% Yield
3-7 Say Street , Wagga Wagga NSW
Property Highlights
Description
+ 10 year Net lease to 2023 + 10 year option to 2033
+ Dayco: US based, 100+ year history, in 22 countries, a world leading engine components and drive systems supplier for the automotive, industrial and aftermarket industries
+ Dayco Australia: products manufactured for export and distribution via outlets including Bursons, Repco, Autobarn etc
+ Minimum 3% annual rent increases
+ Tenant pays all usual outgoings including land tax
+ Significant 12,759 sqm landholding
+ Total building area of 5,500 sqm incorporating high clearance, clear span warehousing and offices
+ Three buildings on three titles providing future configuration flexibility
+ Wagga Wagga: Strategic national distribution and logistics destination and booming regional city, $3.7b gross regional product
+ Net rental: $279,683 pa
Auction 11am AEDT Tuesday 10 December
Doltone House Hyde Park, Sydney, NSW
Property Details