Inner City Investment Leased to International Covenant

Cushman & Wakefield are excited to present an extremely rare opportunity to acquire a quality leased investment with significant development upside. The property, which derives 70% of its income from global company ‘Rexel’ trading as Ideal Electrical, is offered for sale via Expressions of Interest closing Thursday 30 May 2019.

 Key features of this exciting opportunity include;

•  1,619sqm* regular shaped land holding
• 1,366sqm* of modern building incorporating showroom, warehouse and office space
• Fully let net income circa $325,000/annum*
• Recently renewed 3 + 3 year lease to ‘Rexel Technologies’ trading as ‘Ideal Electrical’
• Mixed Use zoning offering 8 levels of development upside with views directly overlooking Raymond park to the CBD
• 17 on site car parks
• 40m* frontage to Wellington Road

 For more information or to arrange an inspection, please contact the exclusive agents, Cushman & Wakefield.