FOR SALE BY TENDER - Tender Closing Date 3pm Friday, 4th September 2020
"A rare opportunity for an investor to acquire a prime property in the Northern Rivers. The property is comprised of 127 storage sheds totalling 4005m2"
7 Cassino Drive is situated within the Casino industrial precinct, flood free & located near other light industrial businesses and rural holdings.
A very solid 2,121 square meters (approximately) brick and Colorbond construction.
4005m2 Corner block of land - 2 street frontages.
127 Storage sheds with long term tenants, prices ranging from $22 per week to $34 per week.
70% of the tenancies are long term tenants having rented their shed/s for over 2 years with 25% having rented for 8 years plus.
An investment with rental growth linked to CPI.
Limited outgoings, a very low maintenance property.
An investment with over 95% occupancy returning in excess of $150,000 P.A
Contact Exclusive Agents Jenny Pedrini of GNF Casino on 0428 699 807 or Scott Peart of LJ Hooker Casino on 0408 418 496 for an information memorandum or onsite inspection.