1/9 Hutchinson Street, BURLEIGH HEADS QLD 4220
$585000 (under offer)
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- Industrial / Warehouse, Retail, Showrooms / Bulky Goods
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- 20 Sep 2016
HIGH YIELDING INVESTMENT 8% NET RETURN
This quality food factory investment is serving up a solid 8% return on investment, securely leased to well known and long trading business 'Spit N Pieces'.
This tenant has spared no expense with an impressive fit out fully approved for food preparation including cold rooms, exhaust canopy and grease arrestor.
- Net Rental $46,800 per annum + GST + Outgoings
- Tenant has signed new 3 + 3 + 3 year lease commenced 01/06/2015
- Outgoings 100% paid by tenant.
- 4% annual increases.
- 300 sqm fully approved food factory.
- 2 high roller doors plus entrance
- Strategic position in Burleigh Heads Industrial precinct with excellent access to M1.
- 2 parking spaces included for exclusive use.
- These often sought rarely found food factories are a high demand premises for future leasing.
PRICE: $585,000 representing 8% return on investment.
For further details and Information Memorandum contact Exclusive selling agents Towers Francis Property.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
1/9 Hutchinson Street BURLEIGH HEADS