SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

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
Building Area
930 SQM

Contact Agent

Contact Me

Stay up to date with our latest portfolio auctions & insights