Hudson Kaddatz from Harcourts Coastal Commercial on behalf of the sellers, has the exclusive privilege to offer this absolute trophy investment in the tightly held Nerang industrial precinct. This property is an industrial, freehold asset strategically positioned on the most popular industrial road in South-East Queensland, it is tenanted by a Queensland Food and Beverage giant, 'Global Food and Wine' on a 5 Year Lease with a 5 Year Option. This property has significant rental upside & major development upside in the future with Nerang desperate for a new industrial development. Watch the video for a virtual tour.
The property will be sold via Public Auction 11:00am on Wednesday the 15th December at Harcourts Coastal Commercial office. Level 1/16 Queensland Avenue, Broadbeach.
OPEN FOR INSPECTION:
FRIDAY 10:00am - 10:30am
• Net lettable area of 2,500*m2 plus additional mezzanine office
• Substantial 5,398m²* land holding
• Massive development upside for the patient developer
• Tenanted by Food and Beverage Giant 'Global Food and Wine'
• 5 year lease + 5 year option
• Significant net income of $263,911.18 + GST + Outgoings
• Market review in June 2023, significant rental upside
• Proven tenant, 10 distribution centres across QLD
• Annual rental increases
• Extremely low vacancy rates in suburb
• 2,000m²* easement at rear
• New roof recently installed
• Low maintenance property
• 2 minutes to the M1
• Low Impact Industry zoning
• Surrounded by National and Multi-national businesses within one of the Gold Coast's & Queensland's most sought after industrial locations
• Motivated vendor will consider all offers
• Don't miss this rare and outstanding opportunity!
• Contact the exclusive agent Hudson Kaddatz for a copy of the lease and the Information Memorandum.
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Harcourts Coastal Commercial 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 Beyond Commercial Pty Ltd trading as Harcourts Coastal Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
Remember to mention you found this property on DevelopmentReady.com.au
Auction - 15th December 2021
5398 m² (*approx)
Industrial, Other, Other
Industrial Development Opportunity (STCA)
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