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$3,600,000 as a going concern

Lot A/11 Pearse Street, WARRAGUL, VIC, 3820

Uniquely Diverse Investment Opportunity

Why have 1 tenant when you can have 150! This modern, low maintenance and centrally located storage complex in the heart of Warragul's Industrial area provides a variety of sized storage units to cater for all markets and budgets and all in a convenient and popular location.

Warragul's booming residential market and growing business precinct has created incredible demand for storage facilities and enabled this relatively new complex to reach high occupancy rates very quickly.

The facility is a popular choice amongst tenants due to its variety of sizes, easy and secure electronic access system and clean fully concreted yard. With typical investment properties you are left with all your eggs in one basket and the loss of a tenant means loss of income! This impressive property provides better security of income with its return provided across the multiple units.

Assumed Vacancy of 0% $286,000.00
Assumed Vacancy of 5% ($14,300.00) $271,700.00
Assumed Vacancy of 10% ($28,600.00) $257,400.00

Tenancies have been issued increase in rents of 8%, the forecast is based on an entire 12 month period at the recently increased rental rates.

Body Corp Fees $5,003.00
Insurance $400.00
Power $1,300.00
Rates _ Council $10,350.00
Rates _ Water $500.00
Gardening - $350.00
Land Tax - $600.00
Telephone - $1,400.00
Total $19,903.00

** Please note, despite all care being taken to provide accurate information, the forecast figures above are indicative only and Clark NextRE cannot guarantee
exact income, occupancy or vacancy rates, or associated costs. Income and costs can vary greatly year to year dependent upon market conditions and trends. This information should not be relied upon alone and is an estimate only.

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Rates starting from 3.59%pa

Comparison rate 3.96%pa

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Property Features

Property Type: Industrial / Warehouse

Bedrooms: 0

Bathrooms: 0

Garages: 0

Land Size: 5455.00 SQM

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Peter Clark

Licensed Estate Agent CEA(REIV) - Director

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0418 599

Clark NextRE - Drouin

40 Princes Way, DROUIN VIC 3818

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