This is a unit situated in 18/DP8529 Caringbah NSW. The local council is Sutherland, with 1 bedroom and 1 bathroom.
FREEHOLD PROPERTY / MULTIPLE INCOMES + SELF STORAGE FACILITY Gunning Real Estate is pleased to exclusively present this free standing property which includes a self storage facility as a going concern, retail shop and caretaker's residence as tenanted investments.The property is located on the high exposure corridor near high volume bulky goods retailers in the Caringbah industrial area.This represents a rare opportunity to secure multiple and diversified income streams with strong upsides for further development and appreciation in this growth area.Eze-Store Self Storage is an independent company which has successfully operated for over 30 years at this location. The 40 self-storage units of various sizes have rentals ranging from $100 to $600 per unit per month.The multiple income streams include:40 Self Storage units/facility: Occupancy fluctuates between 65 - 75%+ Tenants are under month to month rental agreements 67% occupancy currently produces revenue of $84,000 PA ex. GST Strong potential to improve the occupancy level and profits Potential to add another level of self storage (STCA)HIGH POTENTIAL TO INCREASE RETURNSRetail Caf: 70 sqm approx. Rent $34,909 PA ex. GST 3 year lease from 11/2016 - 11/2019 Annual rental increase to CPI Long history of successful retail trading from this siteCaretaker's Residence: 1 bedroom fully self-contained unit Long term tenant Month by month lease Rent $300 per week / $15,600 PAFirst Floor Offices: Two offices and foyer - 48 m2 approx. Office 1 used for Eze-Store Office 2 is vacant - additional rental potentialTotal revenue of $134,509 PA ex. GST approx. with high potential to increase revenue.For interested parties who prefer a non-active role in managing the self storage facility we can discuss how this could be achieved.PROPERTY PLANNING CONTROLS AND PARTICULARS:Zoning: ING 1 - General IndustrialFSR: 1.5:1 Range (1.50 -1.99)Height of Building: 16m maximumDimensions: 12.62m / 12.29m x 87.5m / 85.78mLand Area: 1056 m2Engineering plans are available showing the self storage area was originally engineered & approved for a single large factory unit, representing a possible upside for further development (STCA).The property will be sold and is an opportunity not to be missed!For more information or to inspect the property, please contact:Robert MaherP: 0432 878 398E: [email protected]