37 Joan Street, Bungalow, QLD, 4870

RWC Queensland are pleased to present 37 Joan Street, Bungalow for sale via Private Treaty.

A fantastic opportunity to secure a freestanding industrial asset at a 7.5% net return. Must be sold!

The 'L' shaped building has been a previous HACCP certified facility, suitable for 1-pass production of Nutraceutical, Cosmetic or Food with storage, distribution, production offices and amenities. Fitted out with a large industrial pallet freezer, dry goods storage, laboratory, main office and Boardroom along with staff facilities and a caretaker unit.

The Cairns region has a diverse economy with a Gross Regional Product estimated at $10.3 billion, and an annual consumer spend of $3.8 billion. With the suburbs of Westcourt & Bungalow accounting for 51% of the local jobs. 37 Joan Street, Bungalow is the perfect opportunity to secure a sizable asset on the CBD fringe, a position of note when taking advantage of diverse import & export industry, food and product manufacturing and transport and logistics.

Property Features:

- Secured lease through to November 2025

- 2,857 sqm* of Low Impact Industry Land

- 1,233 sqm* cold store/warehouse facility

- 13 secure car spaces

- HACCP certified facility

- Designated truck loading facilities

- Commercial ovens, stainless steel kitchen/laboratory

- 3 phase power to the building

- 80 sqm* of office, plus operational offices and caretaker facilities

- Net Income: $198,312.50 per annum* (plus outgoings and GST)

- Lease commitment - 1/10/2023 to 31/12/2025

Tenant Summary:

- Dare to Dream Australia

- Defence contract

- Research and development

- Renewable energy power plants

- Bio refinery research and manufacture

- Pacific region focus

- Anchor tenant since 2016

- Engaged in energy transformation

- Servicing state, federal and global demands

For further information or to arrange a confidential inspection please don't hesitate to reach out to the exclusive marketing agent Brocke Hambrecht today.

*Approximately

Remember to mention you found this property on CommercialReady