Sold!

INDUSTRIAL INVESTMENT

$833,000

Unit 1, Lot 3 / 69 Munibung Road, Cardiff

Description

Industrial strata unit tenanted by Newcastle Car Audio Pty Ltd on a 3 year + 3 year Lease.

Situated at the front of a small complex with great exposure to Munibung Road.

Current net income of $40,738 per annum.

Net lettable area of 306m² (approx) plus 5 car spaces with a current DA to increase size to 530m² (approx) with 6 car spaces.

Affordable investment in sought after location.

Upside potential with current DA to increase floor area and improve income.

Bidding Open from 11am, Monday 19th June 2023
Auction to Conclude 2pm, Tuesday 20th June 2023.

All bidders must be registered and approved - please contact Agent.