Location:

12-14 , Faulding Street, CANBERRA, ACT

Price:

$14,000,000

Enquire Now

Iconic Investment anchored by Telstra - Motivated Vendor

Type: FOR SALE

Property Features
  • Category : Industrial/Warehouse, Showrooms/Bulky Goods, Other
  • Land Area:1 Hectares
  • Building Area: 7360
  • Car Spaces: 136
  • Tenancy: Tenanted

Property Description

Fully leased to two tenants.



92% of income from Telstra with lease to 2017 + options.

Modern office & warehouse facility, built 2007.

Recent multimillion dollar Telstra upgrade.

Capacity to expand building (STCA).

Major tax depreciation benefits.



> Telstra Corporation Ltd

10 year lease from May 2007 + options



> Amtech Precision Engineering Pty Ltd

New 8 year lease from April 2012 + options (Occupied this address since 2007)



Total Net Income: $1,489,626pa + GST (As at May 2013)



For Sale by Private Treaty



Indicative Asking Price $14,000,000

Net Yield (10.6%, approx)



Telstra Corporation

- Telstra is Australia's leading telecommunication and information services company, with one of the best known brands in the country

- In 2010-11, sales revenue was $25billion

- Telstra has one of the largest shareholder bases in Australia, with 1.4million shareholders & millions more investing through superannuation funds

- Telstra employs more than 39,000 worldwide



Amtech Precision Engineering

- High-tech engineering company established 1985

- Manufactures components to customer specifications using advanced computer aided

manufacturing technology

- Wide customer base including government, military, mining, photonic and medical industries



FOR MORE INFORMATION, PLEASE CONTACT:



Darren Beehag 0411 226 223

**@**



CO-AGENT

Barton Commercial Property - ACT

Scott Molloy 0408 308 088

**@**


Property Agent

Advert Id:1025

Name:Brett Barton

Phone: 0418 6****

Barton Commercial Property Pty Ltd logo
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