BOURKE Commercial is pleased to offer this exceptional Commonwealth Government Leased asset to the market for Sale by Negotiation.
Located in the business hub of South Tweed Business Park in New South Wales, this property is nestled amongst major national Australian retailors such as: Harvey Norman, Bunnings, BBQ Galore, Forty Winks, Super A-Mart, BCF, National Storage, Aldi and Retravision just to name a few.
This two acre property with a net lettable area of 3,769 square metre property consists of two (2) tenancies with 98 on grade car parking. The average rental per square metre is less than the neighbouring bulky goods tenancies.
Tenancy One:
Is occupied by the Commonwealth of Australia (Federal Government) and is used as one of only 29 Smart Centres across Australia. This facility employs approximately 330 people. The building was purpose constructed for the lease to the Government approximately 16 years ago and approximately 6 years ago, underwent a major internal refurbishment to include an open design main floor plan with enclosed partitioned glass training rooms, kitchens, toilets and offices on the Northern and Eastern perimeter.
Tenancy Two:
Is offered on a monthly tenancy to one of the largest local businesses being used for storage and consists of 823 square metres.
Property Summary
- Land Area: 8,342 square metres
- Building Lettable Area: 3,769 square metres
- Current Net Income: $975,000 per annum (approximately)
- Average rent per m2: $262 per square metre
The current lease term for the government expires in July 2022 + 3 + 3 year option. At this point it is unclear whether they are exercising their option. The other tenant is a month to month tenancy and can be vacated when required.
Inspections by appointment only
Exclusive Marketing Agent
Jamie Bourke 0417 077 277
Email: jbourke@bourkeqld.com.au
BOURKE Commercial
Disclaimer: BOURKE Commercial has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Limited Interest Pty Ltd ATF FNC Trust t/a BOURKE Commercial toward the recipient with regard to the use of this information and all information given is given without responsibility.
