Industrial Building in Vermont Leased with No Vacancy Period for the Owner Between Tenancies

Nick Meadows of Gorman Commercial leased the 821 sqm industrial building at 26 Trade Place, Vermont to Smart Repair on a 2 year lease with a commencing rent of $115,000 pa net. The property received plenty of inquiries and Smart Repair commenced their lease the day after the previous tenant vacated. “Although it’s a short-term lease with options, the landlord didn’t have to offer any incentives and the premises was not vacant, even for a day,” remarked Nick Meadows.