An opportunity has now presented itself to secure a substantial investment at 2 Rabaul Place, Wagga Wagga.
With a long-standing tenant of more than 25 years, this property is leased for three years with a further option of three years.
The property boasts a passing rental income of $153,000.00 per annum plus GST on a semi net lease.
2 Rabaul Place benefits greatly from a prominent, highly visible corner allotment with visibility from nearby Pearson Street and Dobney Avenue.
The property is located in the western industrial precinct which is dominated by car dealerships, automotive trades, bulky goods depots and light industrial land uses.
It consists of a main clear-span building with brick facade, multiple office spaces and upstairs mezzanine with six offices, boardroom and breakout room. There is also a separate iron storage shed consisting of a concrete hardstand and driveway on to Rabaul Place.
Contact the Fitzpatricks Real Estate commercial team: Geoff Seymour on 0417 698 238, Jeremy Callan on 0402 569 526, or Greg Howick on 0418 692 293.