INVESTMENT SALE - FREESTANDING INDUSTRIAL PROPERTY WITH LONG TERM TENANT

SOLD

59 Enterprise Street

Cleveland QLD 4163

Industrial

FOR SALE

1050m2

59 Enterprise Street, Cleveland

This freestanding industrial building is located in Cleveland’s central industrial precinct. The property comprises of 3,296m2 of land, currently zoned ’Heavy Industry’.

- Erected on the site is a concrete tilt up panel and metal clad building of approximately 1,050m2.
- This includes approximately 180m2 of high quality, air conditioned mezzanine and ground floor offices and 870m2 of clear span warehouse.
- The main warehouse section of the building is open along one side. The front office area is fully air conditioned and self contained.
- The balance of the property is concrete hardstand which provides easy truck access to the warehouse area.
- Although the building was originally built to accommodate a timber truss plant, it suits all types of heavy and light industrial applications.

The Property is leased on a new 5 year lease commencing 1st February 2016 at a annual rental of $150,000.00 + GST. The Tenant pays half the property outgoings (including Land Tax) which equates to approx $21,000.00pa. Leaving a nett annual rental of approx $129,000.00pa + GST.

FOR SALE BY EXPRESSIONS OF INTEREST