BUNGALOW, Cairns & District, 4870, QLD
BUNGALOW, Cairns & District, 4870, QLDBUNGALOW, Cairns & District, 4870, QLDBUNGALOW, Cairns & District, 4870, QLDBUNGALOW, Cairns & District, 4870, QLD

Industrial/Warehouse for Sale in BUNGALOW

BUNGALOW, Cairns & District, 4870, QLD

Sale priceAUD$1,510,460.00 net of GST (8.5% NET Returns)

Lots 1 and 2 Industrial Warehouse For Sale!

A prime corner site Industrial Warehouse divided into a 2 lot strata title. Can be purchased separately or in 1 lot.

Lot 1

Located in a two-lot development on the corner of Lyons Street & Hollingsworth Street.

This property has been occupied by the same tenant since 2006 and includes an internal fit out of front showroom, first floor administration, large food production area and a truck unloading and storeroom accessible from the rear of the unit via Hollingsworth Street. Strata title area of 297m2 with three car spaces. Production fit out belongs to tenant.

Showroom area 60m2 Aircon. 1st Floor area 60m2 aircon. Production area 187m2Loading/store area 50m

Current lease 5 years with a 5 year option

Purchase price of Lot 1 AUD$770,460 net of GST

Rate of return 8.5% NET. Rent increases annually to CPI and or 3% whichever is the greater.

The current rent is AUD$65,488.00 per annum net of GST and the tenant pays 100% of the outgoings which include council rates, building insurance, air-con maintenance and garden maintenance.

Lot 2.

Located in a two-lot development on the corner of Lyons Street & Hollingsworth Street.

This is a concrete panel construction, which is only a few years old that has already been fitted substantially. There is a front air-conditioned display area, rear warehouse that includes 2 cold rooms storage area and a mezzanine area above the showroom. High clearance with an 8m building height.

The areas are:

Warehouse 223m2

Showroom 60m2 which is Air-conditioned

Mezzanine 70 m2

This was originally an approved food processing and sales facility

Current lease 3 years with a 3 year option

Purchase price of Lot 2 AUD$740,00.00 net of GST

Rate of return 8.5% NET. Rent increases annually to CPI and or 3% whichever is the greater.

The current rent is AUD$62,868.36 per annum net of GST and the tenant pays 100% of the outgoings which include council rates, building insurance, air-con maintenance and garden maintenance.

NOTE: Both lots at 8 Hollingsworth Street can be purchased in one sale for AUD$1,510,460.00 net of GST. Purchasing in this manner gives the new owner plenty of flexibility as they may decide to sell one down the track and keep the other.

Should you require more information on any or all of the above properties just pop your details in the form below and I will be in touch or feel free to call me on mobile 0412472172.

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