SMSF Purchases Sunshine Industrial for $2.72m
10 December 2015
A self-managed super fund has purchased a Sunshine West industrial property for $2.72 million on a 7.7 percent yield in a deal brokered by Savills Australia.
According to selling agents, Savills Industrial Directors, Chris Jones and Ben Hegerty with Brigitte Bennett, the 570-572 Somerville Road property was sold subject to a new four year lease to global tenant Schenck Process Pty Ltd, at a current rental of $215,000 per annum net.
Located just over 1,500 metres from the Western Ring Road, the property comprises a 2,451 square metre (GLA) facility including a recently refurbished 379 square metre office and a versatile 2,072 square metre, high clearance, warehouse with a loading canopy.
The 4,444 square metre site includes 54 metres frontage to the busy Somerville Road.
Mr Jones said the securely let property with its new four year lease, strong annual review mechanism and modern versatile improvements presented as an ideal SMSF opportunity.
“This property provided the sort of security and peace of mind that goes with a well-tenanted, well-located and relatively maintenance free property, a package likely to deliver sound growth prospects and that’s just what you want to put into your super fund,” Mr Jones said.
The vendor was a Melbourne based private investor.
