8 Palings Court, NERANG QLD 4211
$3,950,000 (GST na)
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- Development / Land, Industrial / Warehouse, Offices, Showrooms / Bulky Goods
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- 25 Nov 2015
High exposure investment leased to a subsidiary of Woolworths
Highly visible from the Pacific Motorway due to its elevated position, 8 Palings Court provides unparalleled exposure to thousands of cars on a daily basis. Situated on the Southport Nerang interchange (Exit 69), the location highly accessible to both north and south bound traffic, allowing Home Timber & Hardware to service a broad area from this building. The property is within close proximity to public transport with bus stops located approximately 500m away at the Gold Coast City Council administration centre. Nerang Centro shopping centre is approximately 2km further south along the Motorway and offers excellent amenity to the local area.
Features of the offering include:
• New 5 + 5 year lease, returning $280,137.04p.a* + GST
• 2,150sqm* office / warehouse with full drive through / around access
• 7,451sqm* hardstand rich site providing re-development / expansion potential**
• Generic, clear span warehouse with excellent access via multiple roller doors
• Building has been recently refurbished and painted
• Excellent exposure to the M1 Motorway
• Visible to over 120,000* passing vehicles per day
• Management costs are fully recoverable
• Tenant has occupied the property for over 10 years
• Strong parent company underpinning tenant covenant - Woolworths Limited (ASX 20)
• Home Timber & Hardware sales in FY15 were $937m an increase of 20.9%* from the previous year
The property is being offered for sale via Offers to Purchase.
For more information or to arrange an inspection, please contact the exclusive marketing agent from JLL.
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
8 Palings Court NERANG