Long 7.5 year lease to 2024 + option to 2031.
Ern Smith: leading suppliers of timber, building supplies & hardware.
Secure tenant in the Canberra and Queanbeyan region since the 1960’s.
Canberra: strong population of 375,000, regionally 800,000.
Absolute prime main street location in Hume, just 10 km from Canberra CBD.
Near Monaro Hwy which links Victoria, Southern NSW and ACT.
Large 9,295 sqm site with room for expansion (STCA).
Generous 3,451 sqm building plus mezzanine storage area.
Guaranteed rental growth, fixed 2.5% annual rental increases.
Tenant pays usual outgoings, as per lease.
Easily managed single tenant investment.
Net Income: $323,500 pa + GST.