14 Tombo Street Capalaba QLD 4157

Direct lease to Lenards Chicken - established 30 years with over 300 stores nationally
Capalaba: tightly held Brisbane bayside suburb only 22 km to Brisbane CBD
Important metropolitan logistics and distribution location
Modern warehouse office building with rare cold storage and freezer room facilities
Substantial tenant fitout costs incurred
Land area 1,045 sqm
Building area 550 sqm
On-site parking for 8 vehicles
Fixed annual 3% rent increases
Tenant pays 100% of outgoings, including Land Tax, as per the lease
Net Income - $153,830 pa + GST (as at October 2019)

Auction: 11am AEST, Tuesday 6 August 2019
Doltone House Hyde Park, 181 Elizabeth Street, Sydney