Commercial Investment Opportunity with Attractive Yield
1 Corcoran Court, BOOROWA NSW 2586
Property Features
- Land is 3,741 m²
- Floor Area is 720 m²
The offering provides a unique opportunity for an astute investor to further expand their holdings or enter the commercial market with confidence. The site provides a proven and ongoing return on investment with generous upside to increase rental yield with further development.
Site Area – 3,741* square metres
Gross Building Area – 720* square metre concrete slab, plus 144 sqm Mezzanine
Zoning – E4 General Industrial
Multipurpose site which includes a 20* metre x 36* metre, 6* bay warehouse, office accommodation, hardstand area, truck parking and excellent access.
Features include:
• Mezzanine 12*metre x 12* metre
• Lunchroom upstairs
• 3 x toilets & hand basins
• Disabled facilities & Shower
• 80 Solar Panels on roof. 23.6 kW
• Show room / office, fully insulated.
• 6 kW Daikin Air conditioner in office
• Generous LED high bay lighting
• Emergency lighting
• Swann security cameras x 6
• Heavy duty fabricated columns & trusses
• Heavy duty Mezzanine framing/supports.
• 2 x 30*metre hose reels
• 5 x fire extinguishers
• Gas instantaneous hot water LPG
The office facilities have further opportunity to increase capacity given the amount of underutilised/ unused existing office area.
Existing tenancies have a combined gross rental of $60k per financial year, with an opportunity to increase tenancy. Two thirds of the property is currently tenanted until March 2024 with potential for an extended lease.
Strategically located 2* kilometres from the Boorowa town centre, in proximity to major regional centres including Young (46* kilometres) Yass (54* kilometres), Cowra (76* kilometres) and Canberra, 110* kilometres.
Corcoran Court is being offered for sale by Expression of Interest closing at 12pm (AEST) on Wednesday 4th October2023.
For more information, or to arrange an inspection, please contact the exclusive marketing agents Trish Brewer & Tim Corcoran
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For Sale by Online Auction