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New 5 Year Leases – As new Buildings – Circa 8.5% Yield

6 Dooley Street, Park Avenue QLD

Property Highlights

Circa 8.5% Yield

New 5 Year Leases + Options

Long Established Businesses

Description

New 5 year leases until July 2023 + options to 2028
2 long established businesses
Olive & White Cabinet Making: locally owned & operated since 1993
Rifen Marine: largest chandlery in Central QLD, Mercury dealership, marine repairs, maintenance and sales
As new warehouse/office/showrooms – 3 buildings with A-grade finishes
Prime freehold corner site comprising 2,691 sqm fully concreted & sealed
Tenants pay outgoings as per the leases
CPI annual rent reviews
Building area 930 sqm (total)
On-site parking for approximately 20 vehicles
Net Income: $172,200 pa + GST

Indicative Price: $2,000,000 +

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Industrial
Land Size
2,691 SQM
Gross Building Area
930 SQM

Contact Agent

Glenn Conridge

+610 413 873337

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