SOLD | $4,100,000 | 6.97% yield | 1,930 sqm GBA | 9,700 sqm allotment
NTC Property and NAPC are delighted to offer to market 285 Stuart Highway, Alice Springs.
The asset is a 1,930sqm high quality modern industrial facility situated on a 9,700sqm site located city inbound approximately 3.5km from the Alice Springs CBD. The property is leased to a long term, well established transport & logistics business in Gilbert’s Transport who have been servicing SA & NT for almost 50 years.
Since purchasing the property the vendor has undertaken major upgrades including cool rooms, awning, concrete hardstand, mezzanine, solar power system and wash-bay to name a few.
Major attributes of the property include the following:
- 404sqm high clearance, clear span warehouse with 4 RSDs
- 650sqm high clearance awning
- 588sqm freezer, chiller and anteroom with loading docks
- 161sqm office, mezzanine including amenities, staff breakout area and accommodation
- 127sqm wash-bay
- Concrete & bitumen hardstand
- Solar power system
(all areas are approximate)
The property has a 3 year lease commencing 7 June 2021 with 5 x 2 year options thereafter. Commencing rent is $270,000pa + GST with the tenant responsible for outgoings.
Contact selling agent:
Nigel Sharp – Director
0422 275 920
nigel.sharp@ntcproperty.com.au