Industrial & Logistics

Unit 3, 42-44 Essington Street, Mitchell

Essington Street Mitchell, ACT Australia 2911
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Tenure Type Leasehold
Building Area

Property Description

JLL is proud to exclusively present Unit 3, 42-44 Essington Street, Mitchell for sale. located in Canberra's tightly held Northern Industrial precinct of Mitchell. 100% leased to O'Connor Commercial Refrigeration unit 3 is part of a small 4 unit light industrial strata complex. Refurbished in 2010 the unit includes 164 sqm of office & showroom, 187 of warehouse with a 6 meter height limit with roller door access and 107 sqm of approved mezzanine space with forklift access.

Investment Highlights

  • New 5 year lease from 1 August 2020 plus 5 year option
  • 100% leased to O'Connor Commercial Refrigeration ACT
  • 458 sqm* unit zoned Light Industrial with excellent frontage to Essington Street
  • Highly flexible unit with office and showroom accommodation, high clearance warehouse, workshop and approved mezzanine
  • Located in Canberra's Northern Industrial precinct of Mitchell, adjacent to new Light Rail line, easily accessible via public transport and road networks servicing Canberra's fast growing northern region
  • Attractive 3.5% annual rental increases
  • Tenant responsible for all outgoings above base year 2020 as per lease
  • Stamp Duty exempt
  • Net income $70,585 pa + GST

For Sale By Auction 10:30am Wednesday 28 October 2020


*Approximately

Last Updated Date: 24 Sep 2020
Mitch Frail
Mitch Frail
Executive - Sales and Investments
Tim Mutton
Tim Mutton
Head of Sales & Investments – ACT

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Last Updated Date: 24 Sep 2020

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