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Realisation Sale - Tenants in Both Units $1,090,000 20 Burns Road, ARMADALE

The owner wants this property sold and is offering it for sale at a remarkable price of $1,090,000 which in my opinion is substantially below replacement cost.

The front 500m2 unit is leased at $35,000 per annum (Gross) and the current owner wants to lease the rear unit at the same rate for his business

This means you have income of $70,000 per annum (Gross) 

Concrete Tilt panel and only about 6 years old this represents bargain buying for investors and owner occupiers down the track.

A green title block of 2265m2 with a 1020 m2 of building that consists for 2 units both over 500m2 each including about 40m2 of office space.

Internal heights of 6 to 6.5 metres with 5m high & 5m wide roller doors, 3 phase power and a complete concrete apron for parking and lay down.

There is flexibility here for any owner to use one and lease the other ready for expansion or use the lot. Building could be strata titled and sold independently by new owner as well. 

Get in quick as this is outstanding value and wont last long! 

Contact Mike Dunsmore on 0413 754 110 today to arrange your viewing!

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Realisation Sale - Tenants in Both Units
Sale Type: For Sale
Ref #: 19899788
Category: Commercial
Mike Dunsmore

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