5/86b Kingston Road, Underwood QLD

For Sale

Industrial

$1,350,000.00

904m2

Ray White Commercial Northern Corridor Group is pleased to offer to the market for sale to investors. The property is currently leased to J & C Interiors Pty Ltd with current net income of approx. $ 101,250 net + GST per annum with the asking price representing an attractive 7.5% yield.

The subject property is a highly functional warehouse with fitted out professional office with easy access to the M1 and Gateway Arterial.

Property features include:
• 904 m2 of building area;
• 904 m2 land area;
• Large clear span warehouse;
• Ground floor showroom/ office space and mezzanine office space
• Container height roller door access
• Currently returning approx. $ 101,250 net + GST per annum
• Strong 7.5 % net yield
• Lease ending 01.01.2021 with additional 3 year option
• Strategic location close to the M1 and other major roads