5/6 Dacre Street

Mitchell ACT 2911

UNIT 5 IS A FULLY LEASED 1,019M INVESTMENT OPPORTUNITY WITH A DIVERSE TENANT MIX. THE PROPERTY IS LOCATED IN A RECENTLY COMPLETED INDUSTRIAL DEVELOPMENT ON THE POPULAR DACRE STREET IN MITCHELL. DACRE STREET IS LOCATED AMONGST THE NEW WESTERN SECTION OF MITCHELL AND HAS UNDERGONE SIGNIFICANT DEVELOPMENT SINCE THE SUB- DIVISION WAS RELEASED IN 2005. WITH THE STRONG TENANT MIX OPERATING ACROSS VARYING INDUSTRIES INCLUDING HORTICULUTURE, FITNESS, LINEN SUPPLY AND INTERNATIONAL SPORTING GOODS IMPORTATION THIS WAREHOUSE OFFERS THE ASTUTE INVESTOR A HIGH YIELDING ASSET IN A TIGHTLY HELD POCKET OF MITCHELL. THE BUILDING ITSELF IS AN IMPRESSIVE MODERN CLEAR-SPAN WAREHOUSE WHICH HAS BEEN SUB-DIVIDED INTO THREE SEPERATE TENANCIES, ALL OF WHICH HAVE BEEN SEPERATELY METERED FOR THE FLEXIBILITY OF THE LONG STANDING TENANTS. EACH INDIVIDUAL UNIT HAS SEPERATE HIGH CLEARANCE ROLLER DOOR ACCESS TO THE TENANCY AS WELL AS A NUMBER OF INDIVIDUAL CAR PARKS ON SITE.CURRENT GROSS PASSING INCOME IS $192,240 + GST PER ANNUM WITH A WALE OF 2.19 AT 1 AUGUST 2015