6-7 Cellana Court, Portland

• Approx 5530 Square metres

Blue Chip Industrial Investment 10% Yield

This listing has been archived and is displayed for archive purposes only

Freehold Industrial Investment, Portland, SW Victoria

This superb industrial property on two titles offers the commercial investor a net annual return of 10% from a long-term engineering tenant on a five x five-year lease.
Strategically placed halfway between the giant Portland Aluminum smelter & the Port of Portland, the location is perfect for servicing the many industrial and waterfront clients in the immediate area such as Incitec Pivot, Graincorp, Gunns, South West Fibre, AusPine, and Portland Aluminium.

The property is offered with the following components:

Two titles - a total land area of 5530m2
* Lot 3 3340m2
* Lot 4 2189m2
Two large high bay Colorbond steel sheds with a total area of 1300m2
* East Shed built 1992 approx. 12mx 60m (720m2)
** Monorail crane with 5.4 m bay height
** Includes Paint Bay at rear of East Shed separately serviced & rated
* West Shed built 2004 approx.17m x 34m (578m2)
** Two overhead bridge rail cranes 5 tonne capacity each
** 7.5m clearance under crane hook
Two separate office facilities built 2004 with a total area of 230m2 each comprising:
* Reception, Offices, Conference room, Lunchrooms, Toilets, Showers, Stores
Sandblasting Booth (2007) with state of the art dust recovery system
3 Phase Power to all areas
Hardstand approx 1800m2
Individual access to East & West Sheds
Security perimeter fencing
5yr lease with long-term major engineering tenant
* $11,000/ month plus GST & outgoings
* CPI increase annually
* Tenant has full responsibility for maintenance of cranes, sandblasting booth & hardstand.
* A further option of 5 years

The property is designed to be separated into three distinctly let-able areas by reinstating dividing walls in the two sheds & closing fireproof doors in office complex.
Currently used as a whole. Each area is separately serviced, separately metered, and rated and each has its own offices & staff amenities.
The property has is serviced by water, power phone & sewer and is zoned Industrial 1.

For further information about this excellent investment opportunity please contact our office today.

6-7 Cellana Court, Portland Victoria
Asking $1.5 Million with 10% Yield

Contact Mike Barrett Ph 0417 103 693

Mortgage Calculator