Call Agent - Lots 1 and 2 Industrial Warehouse For Sale!

Lots 1 and 2 at 8 Hollingsworth Street, BUNGALOW, Cairns & District, 4870, QLD, Australia

Terry Loftus
0412 472 172

Lots 1 and 2 Industrial Warehouse For Sale!

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

Industrial/Warehouse

BUNGALOW, Cairns & District, 4870, QLD, Australia

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.

Property Information

  • Property Type: Industrial/Warehouse
  • Property ID: 3068
  • Original ID: 2797429
  • Price: AUD$1,510,460.00 net of GST (8.5% NET Returns)

Terry Loftus

0412 472 172 SHOW

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Property Price

K100000

Deposit

K10000

Rate (APR)

7%

Term

30 years

Repayment K500 / week

Terry Loftus

0412 472 172 SHOW

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Contact Agent

Lots 1 and 2 Industrial Warehouse For Sale!

Terry Loftus

0412 472 172 SHOW

Keep me updated with real estate news

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