Westside Industrial, a 5 factory development within Westlake precinct, has been fully sold out before its official launch by Quagga Property Brokers. Three of the five units, ranging in size from 185m² to 210m², have already been let on long term leases and will be ready for occupation in Jan/ Feb 2012.
 
Each of the factories is equipped with 3 phase electricity, up market office finishes, 3 parking bays per unit, 12 visitor parking bays for the park and great security features.
 
“Many investors have held back over the past few years due to the poor market conditions and are now cash flush with the feeling that the property market in general has bottomed out and starting to tail up. They are now in an acquisition mode,” says Len Pears, director of Quagga Property Brokers. “Investors expect returns of between 8.5% and 11% Nett with 3 year plus leases and solid tenants. Wecurrently have many buyers on our books looking for investment properties, as well as owner occupiers looking to up or down size, across the peninsula.”
 
For information please contact Len Pears from Quagga Property Brokers on 021 712 8825, or 08 28 28 28 58 or visit www.quaggapropertybrokers.com
 
ENDS
 
Notes to the editor:
 
Sales and Letting all handled by Len Pears from Quagga Property Brokers.
Building and construction by Jon Paine from Cat Construction.