14/43 Lang Parade, Auchenflower
PentaCon have purchased a highly sought after industrial strata unit just off Park Road at 43 Lang Parade. The company…
The subject property is constructed from concrete tilt panel, containing 140m²* office and 170m²* clearspan warehouse. The office space contained a mixture of open planned and partitioned offices with both kitchen and Toilet amenities. The space has fully ducted air-conditioning and is equipped with a security system. The warehouse has an internal clearance of 6.5m and incorporated pallet racking.
The properties point of difference, for being a part of a large unit complex with a high vacancy rate, was the appealing quality of the office fitout and overall presentation. The property was offered as a ‘Turn Key’ scenario where the new tenants could start operations from day one of their lease commencement. The new tenant came from a nearby industrial complex in the same suburb.
Lease Analysis* | |
Lessee: | Logistics Company |
Annual Rental: | $37,000.00 + GST |
Rate PSQM: | $119.35 |
Outgoings: | Gross Rental |
Lease Term: | 2 + 1 years |
Reviews: | Annual CPI Minimum 4% and Market review at the option. |
Incentive: | One Months’ rent free |
Marketing Budget: | $4,000 |
Days on Market: | 90 |
*approx
PentaCon have purchased a highly sought after industrial strata unit just off Park Road at 43 Lang Parade. The company…
A private investor has purchased this 180m² tenanted strata unit, located in Morningside. Currently leased to Hospitality Design & Concept…