Just wondering what sort of requirements (council or other) there would likely be for leasing out parts of an industrial property to multiple tenants?
I have been keeping an eye on an industrial property that sold in September last year and has been sitting vacant and for lease since.
I was interested at time, but by the time I had an idea that could make it profitable it had already sold. Now that it has been vacant for so long I have been considering contacting the owner and making an offer to take it off their hands.
The unit is located in an industrial estate of around 15 lots at about 1000-1500m2 each, completely surrounded by medium to low density residential. The property in question is approx 1100m2 with about 900 under roof.
With the area its in there just aren't any tenant in need of, or able to pay for a unit that size. I have the idea of splitting the unit up by adding 2 internal walls and 2 new roller doors, renting the 3 resulting units out for about 250-270 per week. I figure thats low enough for tradies or someone running a small business to use for storage or as a small workshop.
I have been keeping an eye on an industrial property that sold in September last year and has been sitting vacant and for lease since.
I was interested at time, but by the time I had an idea that could make it profitable it had already sold. Now that it has been vacant for so long I have been considering contacting the owner and making an offer to take it off their hands.
The unit is located in an industrial estate of around 15 lots at about 1000-1500m2 each, completely surrounded by medium to low density residential. The property in question is approx 1100m2 with about 900 under roof.
With the area its in there just aren't any tenant in need of, or able to pay for a unit that size. I have the idea of splitting the unit up by adding 2 internal walls and 2 new roller doors, renting the 3 resulting units out for about 250-270 per week. I figure thats low enough for tradies or someone running a small business to use for storage or as a small workshop.