Freestanding Freehold Investment
- 5x5 year lease to Programmed Maintenance
- $119,000 Net return
- Freehold investment
– 5 x 5 year Lease to Programmed Maintenance
– www.programmed.com.au
– Returning $119,000 pa + GST + all outgoings (including land tax)
– Commenced 1 August 2022
– 3.5% Annual reviews
– Bank Guarantee equivalent to 6 month’s rent
– Extensively renovated building
– Depreciation benefits
– Masonry construction
– High clearance factory area
– Internal yard with roller door access to the street
– Located in Frankston’s Commercial 2 zone
– 947sqm of Land
– Wash Bay & triple interceptor
– Large natural gas supply
