Ideal Opportunity for an Investor or Owner Occupier

Property ID 1648020

* Comprises of over 3,245m2* of industrial warehouse buildings
* Divided between eight tenancies of various sizes- only 1 vacant
* Total land size approx. 12,500m2* and all 2017 flood free
* Opportunity to occupy Shed 5 - 1,050m2* with 3.2t gantry crane
* Potential gross income of approx. $340,000 + GST per year once shed 5 is leased
* Current gross income approx. $220,879 + GST per year
* Current annual outgoings approx. only $30,000 PA
* Would represent a Net Yield of approximately 8.8% PA once fully leased
* Spreads your risk over multiple tenancies
* Also available to buy is 17,500m2* of adjoining land at 251 Queens Road
*approx
Please contact the listing agent for more details by clicking on the link above.

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

207 Queens Road Kingston QLD 4114 AUS
-27.654004 153.138503