New 7 Year Lease to QLD Government

Ray White Commercial QLD and Ray White Gladstone, as exclusive agents, are pleased to offer for sale by way of Expressions of Interest, 20-22 Herbert Street, Gladstone.

As one of the newest office buildings in Gladstone, the offering comprises:

• Purpose built multi-storey building constructed in 2013
• 2,026 m2* site with 1,674 m2* building area
• 5 STAR NABERS rating
• 47 exclusive car parks
• Income profile underpinned by a long lease to QLD State Government
• Estimated net return $670,000* pa
• Located opposite Woolworths' anchored Gladstone Square
• Gladstone - hub for Queensland's energy and heavy industry & Queensland's largest multi-commodity port

The property is well positioned to directly benefit from a growing regional Queensland economy buoyed by increased confidence in the mining and agricultural sectors with the region generating $15.3 billion in economic output^.

Do not miss the opportunity to own this significant investment.

Expressions of Interest closing Wednesday 18 May 2022, 4pm (AEST).

*approximately
^remplan.com.au

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