Property ID: 1P0601

63 Leland Street Penrith NSW

Contact Agent
  • Industrial
  • Auction
  • 1791 sqm
  • Wed 2nd of Dec
    10:30 AM
  • On Site
LEASED FREESTANDING BUILDING – BRAND NEW 5 YEAR LEASE
PRD Commercial and CBRE are pleased to offer for sale this rare investment opportunity at 63 Leland Street, Penrith by way of public auction.

Features include:

- 1,791sqm freestanding building which has just been fully renovated, including new façade, car park, roller doors, office accommodation, fencing and landscaping
- Includes a power supply of 1,200 amps
- Leased to a family owned Australian business established over 50 years ago
- Lessee has just spent over $250,000 on their fit out
- Strong income of $237,900 pa Net + GST (Tenant pays 100% of outgoings)
- 5 Year lease commenced Oct 2020 + 2 x 5 year options
- Annual rent reviews of 3.5% pa
- Located within Penrith's established industrial estate, which is poised to benefit from future infrastructure upgrades
- Located 5.3km from the M4 Motorway and 22km from Western Sydney Airport

This is an extremely rare opportunity to secure a quality building with a brand new 5 year lease to an established business. For further details, please contact the exclusive agents at CBRE or PRD.

The property will be sold by way of Public Auction on Wednesday 2nd December, 2020 at 10.30am.

Note: All building and land areas quoted are approximate; prospective purchasers and tenants must make their own enquiries. All sale prices and asking rentals DO NOT include GST.

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