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2. Property Highlights

Solid Industrial Investment with a New 10 Year Lease Commenced in February 2022

Knight Frank Cairns is pleased to present 37-39 Redden Street, Portsmith to market, a property everybody wants but is seldom available.

37-39 Redden Street, Portsmith represents an outstanding opportunity to secure a first class industrial property in a prominent location.

The sole tenant has a solid business and has operated for over a decade at this location, occupying 100% of the property and signed a 10 year lease which commenced in February 2022.

Rarely is such a prime opportunity with a secure long term tenancy profile offered to market, with the area generally well held and opportunities to purchase scarce.

The purpose built distribution cold store facility sits on 7,899 sqm of land with a building area of 1,914 sqm which incorporates 1,514 sqm of warehouse plus 400 sqm of offices over two levels plus awning to loading bay and plant room.

The site allows for further development opportunities of approximately 3,800 sqm of land which forms part of the lease and is currently utilised for hardstand.

Please contact the agent for a copy of the Information Memorandum.

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Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.

Knight Frank Cairns has been successfully operating for over 33 years and incorporates three departments into the one office; a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.

Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.

Remember to mention you found this property on CommercialReady

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3. Property Location

37-39 Redden Street, Portsmith, QLD, 4870

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4. Due Diligence

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37-39 Redden Street, Portsmith, QLD, 4870 Portsmith
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