Unit 1, 57 Cordwell Road, YANDINA QLD 4561
For Sale at 7.5% Net Yield
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- Industrial / Warehouse, Retail
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- 20 Sep 2016
Industrial Shed, Weighbridge & Workshop - 7.5% Net Yield - Secure Long Term Tenants
This main road frontage site consists of three properties within the one title.
The primary retail/industrial shed operates as a rural trade store and public weighbridge, under a 3x3x3 year lease.
Long term continuation of the lease is assured, as the tenant has operational rights on the weighbridge business, generating more income than they pay in rent and outgoings. As such, he effectively has free rental on the principal premises.
The second freestanding building is under separate lease to a motorcycle repair shop that has been trading at the site since 2008.
Combined (net) lease income is $55,500 p/a plus outgoings with secure long term tenancies in a sort after Old Bruce Highway, Yandina location. The owner will sell the property at a 7.5% net yield ($740,000)
For further information, please contact Warwick Peters at R&W Caboolture Commercial.
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
Unit 1, 57 Cordwell Road YANDINA