Freehold Industrial Tenanted Investment - Two Sites - Leased to National Tenant until 2038

Tallon Pamenter from RWC Noosa & Sunshine Coast is proud to offer 32 & 36 Central Park Drive, Yandina to the market for sale.

Welcome to the Sunshine Coast's most significant freehold industrial tenanted investment!

PROPERTY HIGHLIGHTS

• Total building NLA: 3,125m²*
• Combined land area: 6,629m²*
• Brand new extended 5 year lease with options until 2038

Situated just off the Bruce Highway, this industrial tenanted investment is spread across two adjoining lots (each with their own title) and a combined land area of 6,629m²*.

The expansive facilities are leased to a long term national tenant, returning a net income of $432,000 per annum net + GST. The tenant is a large and experienced operator in the food processing and consumer food products industry. Having invested over $6 million worth of improvements and infrastructure into the property, bolstered by a new lease, they plan to sustain continued growth within their Yandina facility.

PROPERTY FEATURES

• Standalone tenanted industrial investment
• Leased to a national tenant until 2038 including options
• Spread across two freehold sites - each with its own title
• Building: NLA 3,125m²*
• Combined land area: 6,629m²*
• The tenant has invested over $6 million worth of infrastructure and fitout to the site to facilitate long term growth
• Newly signed lease extension of 5 x 5 x 5 years
• Annual return of $432,000 + outgoings + GST
• Improvements include but are not limited to a good mix of large open areas for production, air-conditioned offices, good staff amenities, large cold room and freezer storage, dry storage, despatch areas, essential service upgrades and ample hardstand
• The property is fully fenced and secure

LOCATION

As the name suggests, 32-36 Central Park Drive is centrally located on the Sunshine Coast, providing excellent connectivity for logistics. The main connection points are the Bruce Highway M1 (4 minutes*), the Sunshine Motorway (16 minutes*) and the Sunshine Coast Airport (20 minutes*).

For more detailed information or to arrange an inspection, please contact Tallon Pamenter.

Offices in NOOSA, MAROOCHYDORE & CALOUNDRA

* Approx.

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