LARGE FREESTANDING INDUSTRIAL INVESTMENT - LEASE EXPIRY 2031 PLUS OPTIONS
- Fully leased large scale industrial investment with long secure lease to September 2031
- Land area: 12,160sq m*
- Building area: 7,933sq m*
- Long lease expiry until 2031 plus 2 x 5 year options thereafter
- Net rental: $1,130,545.68* per annum + outgoings + GST (tenants pay Land Tax)
- CPI or 3% Annual increase (whichever the greater)
- The property is strategically located in the main heavy industry hub of the Sunshine Coast right in the centre of the highest growth region of the Sunshine Coast and South East Queensland
- Single tenant on long lease, with the business servicing all over Australia, and having substantial capital investment (fully automated machinery) within the property
Savills (Qld) Pty Ltd are pleased to offer this high quality freestanding industrial investment situated at 87-101 Fred Chaplin Circuit, Corbould Park (Bells Creek). The property is situated in the well-established “Sunshine Coast Industrial Park” positioned only minutes from Caloundra CBD and within a 1* hour drive down to Brisbane and the Port.
The entire property is fully leased to one of the most high-end and automated speed kitchen cabinetry businesses within Australia, (Linea Cabinets) on long secure lease expiring September 2031 with 2 x 5 year options. The current net rental is $1,130,545.68* per annum + outgoings + GST with the building circa 8,000sq m* on a 12,160sq m* corner industry allotment.
It is very rare in the current market for such a large scale, quality industrial investment property in a highly sought after and strong growth location, especially the Sunshine Coast, to hit the market for sale and we strongly recommend your participation within this Offers to Purchase campaign and look forward to offers presented.
Offers to Purchase closing 4pm Thursday 16th May 2024
(*Approx.)
