Entry Level Investment – 8.5% Yield Anticipated

16 burgess drive, shearwater

Price on Request

  • New 3 + 3 year lease
  • 'Capital Intensive' building upgrades
  • Growing satellite suburb of Devonport

Property Details

New 3 year lease to April 2020 plus option to 2023
Evolution Hardware Pty Ltd: wholly owned subsidiary of Joinery Products established in 1956
Annual CPI rent reviews and market review at the option
Tenant pays all usual outgoings
Modern high clearance warehouse of 235 sqm with recent capital intensive fit-out upgrades including kitchen, bathroom, LED lighting, hardstand area and powered container height RSD's
Prominent 494 sqm landholding with 18.5 metre frontage
Shearwater: Growing satellite suburb of Devonport evidenced by recently opened Woolworths anchored shopping centre
Single tenant minimum management investment
Rent: $32,000 pa

Auction 11am AEST Wednesday 9 August 2017
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 235
Land Size 494 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC001453

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E reception@burgessrawson.com.au

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