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Brandon, 159-161 Drysdale Street

Industrial Sheds - Fully Leased - 9% Net Return

$369,000 No GST

Listing Number: LTY4996
About this listing
This large 4,275m2 block has a perfect location, central to Burdekin Agricultural District with high exposure located on Bruce Highway. Zoned light industrial, modern buildings, long term lease, this property offers a sound investment with excellent returns. The gravel hardstand grounds are fully fenced with entry suitable for truck access and lockable gates. A heavy machinery loading ramp is also located on site. There are two separate sheds on this property.
Office building: 9m x 7.5m fully enclosed steel framed structure with concrete flooring and lockable- Built 1999/2000. In 2014 structure was partitioned, ceiled, lined and air conditioned to accommodate 3 offices, storage room and a toilet. Some depreciation benefits are available for the fit out.
Workshop/Storage shed: 15m x15m fully enclosed steel framed structure with concrete flooring, 2 roller doors and lockable- Built 1999/2000.
This property offers good security and high return on investment with a registered 5yr lease plus 5yr option which commenced 1/8/2014, an 9% + net return on current rental and fixed 3% CPI on rental.
To view the lease documentation please contact our selling agent today.
Selling Price: $369,000
Property Information
  • Property Type: Warehouse, Tenanted Investment

Contact Details

Landmark Harcourts McCathies - Ayr

262 Queen Street
Ayr
Office website

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