The property comprises two modern industrial units constructed in 2002 and located within a popular and established Business Park. Both units are let to Cold Service Ltd until 2018.
The business plan is to the hold the property in the medium/long term. The building is let to an improving covenant who have indicated they would like to restructure their leases. There is a limited supply of modern, good quality industrial property in Ringwood with good levels of demand providing for strong rental growth prospects.
Acquired on behalf of: