JLL and CBRE are pleased to offer for sale 47 Trade Street, Lytton a modern freestanding office warehouse facility within the tightly held TradeCoast market, which is being offered individually or as part of a two asset portfolio that includes 37 Manton Street, Morningside.
Key Investment Highlights for 47 Trade Street include:
- Modern freestanding office warehouse facility with a GLA of 5,005m2
- 5 tonne gantry crane
- Fully sprinklered warehouse
- Well presented corporate office
- Large rear awning
- 3,000m2* of rear hardstand providing expansion potential (STCA)
- 4.5 year WALE with annual CPI Reviews
- Returning $682,935 p.a (as at 1 October 2022)
- Market review April 2024 with ratchet provisions providing ability to capture future rental growth
- Located within a highly constrained land market with an approx 35% increase in land value over the past 12 months
The property is being offered for sale via Expressions of Interest closing Tuesday 2nd August 2022 at 4pm (AEST).
For further information please contact the below exclusive marketing agents.