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lot 2/209 Leitchs Road, Brendale, QLD, 4500

Properties / Buy / Queensland / Brendale

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Closing Thursday 26 October, 4:00pm

Land Area

4,183 m² (*approx)

Floor Area

3067 m² (*approx)

Property Type

Industrial

Sub-type

Office/Warehouse, Warehouse Showroom, Storage Facility

Est. Income

$521,218 p/a

Fully Leased

Elexon Electronics

Car Spaces

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2. Property Highlights

High Quality Tenanted Industrial Investment - $521k Net Income p.a.

3,067sqm* of GFA on 4,183sqm* site
Leased to Elexon Electronics
Net passing income of $521,218* pa net

Modus Property Group is pleased to offer for sale an excellent opportunity to acquire a high quality, freestanding industrial building with a secure lease to a leading electronics manufacturer (Elexon Group).

Key Investment Highlights include:

- 3,067sqm* of GFA with high quality fit-out & adaptable building design
- Securely leased to Elexon Electronics a leading electronics manufacturer
- Situated on a prominent 4,183sqm corner allotment with 135m road frontage*
- Net passing income of $521,218* per annum net
- Outgoings 100% recoverable including land tax and property management
- 3.9* year WALE (as at Oct-23) with review to market at option
- Strong security in place and attractive annual review structure of Greater CPI or 3.5%

209 Leitchs Road is situated within the established industrial precinct of Brendale approx. 18 radial km north of the Brisbane CBD. The precinct is very well established and highly sought after due to its central Northside location, accessibility to key arterial roads including the Bruce Highway/Gateway Motorway and its proximity to a rapidly growing & highly skilled workforce estimated to be over $1m by 2041.

For Sale via Expressions of Interest closing on Thursday 26th October at 4pm (AEST).

*Approx.