SOLD
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SOLD

Brisbane Industrial Investment – 7 Year Lease to Iconic National Brand

14 Tombo Street, Capalaba QLD

Property Highlights

7 Year lease plus options to Oct 2031
Tenant pays 100% of outgoings
6 Months rental bank guarantee

Description

Direct lease to Lenards Chicken – established 30 years with over 300 stores nationally
Capalaba: tightly held Brisbane bayside suburb only 22 km to Brisbane CBD
Important metropolitan logistics and distribution location
Modern warehouse office building with rare cold storage and freezer room facilities
Substantial tenant fitout costs incurred
Land area 1,045 sqm
Building area 550 sqm
On-site parking for 8 vehicles
Fixed annual 3% rent increases
Tenant pays 100% of outgoings, including Land Tax, as per the lease
Net Income – $153,830 pa + GST (as at October 2019)

Auction: 11am AEST, Tuesday 6 August 2019
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Industrial
Land Size
1,045 SQM
Building Area
550 SQM

Contact Agents

Glenn Conridge

0413 873 337

Contact Me

Michael Gilbert

0430 024 790

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