Current tenant is paying from only $58/m2 net on old lease

- Fully leased rare Investment with massive rent increase upside
- Rent from only $58/m2.a year for the old lease, in the process of reviewing to the
market as soon as the lease is expired
- Strategic location with massive exposure on top of the crest of the hill at Hillcrest
- Opposite to Coles Distribution Centre and close to Woolworth's distribution centre
- Building area 10,739 m2 on 4.1 acres of prime land
- The zoning has been upgraded to "Mixed Commercial."
- The current zoning allows for any retail, commercial, office and industrial tenancies except
Childcare Centre
- Net return $1,021, 888 per year on a fully leased basis
- Offers from $16m