FrameLight has leased a 390sq m freestanding industrial warehouse at 1575B Botany Road, Botany NSW from a private landlord paying $333 per square metre under a four year lease.
The annual rental income is $130,000 gross and the warehouse is clear span and high clearance, providing an immaculate first floor office that’s fully fitted.
The deal was negotiated by Sam Wallace of Savills Industrial & Logistics who said the property had over 50 enquiries and ended with a competitive pitch proving that tenants still see exceptional value in quality freestanding buildings.