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Prime Industrial Investment – Global Auto Parts Manufacturer – Circa 8.5% Yield

3-7 Say Street, Wagga Wagga NSW

Property Highlights

Dayco: Est 1905, 22 Countries
Landlord preferred net lease structure
Wagga Wagga: $3.7 billion GRP

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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Industrial
Land Size
12,759 SQM
Building Area
5,500 SQM

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