11.65% YIELD.........
INDUSTRIAL INVESTMENT..........
TENANT IS THE GLOBAL RECYCLING GIANT, REMONDIS GROUP.

The property is located at Somersby, an established industrial precinct on the Central Coast of NSW, approximately 1 kilometre from the Sydney-Newcastle M1 motorway, 8 kilometres west of Gosford and less than 1 hour's drive to Newcastle or Sydney CBD's.

The facility (constructed 2008) is used to process kerbside waste and recycling materials from the Wyong and Gosford local government areas. The facility comprises two distinct functional areas:

(1) Materials Recycling Facility - housing state-of-the-art sorting machinery, plus associated amenities.

(2) Depot - comprising a workshop and associated offices and amenities, plus external parking for trucks, separate parking for all staff, and ancillary service structures such as the fuel bowser.

The property is fully leased to Remondis Australia (a subsidiary of Global Recycling Giant, the Remondis Group - which in turn is part of the Rethmann Group).

The rent is subject to annual reviews to the greater of 3% or CPI (with an annual 5% cap), with market reviews at exercise of the options.
NEXT RENT REVIEW IN JUNE 2015.

Current Net Annual Income - approx. $1,456,393.

Tenant pays all outgoings.