Savills and JLL are pleased to present a unique opportunity to secure a regular shaped parcel of industrial land in the thriving inner north industrial precinct of Zillmere. 38 Pineapple stands as a truly unique opportunity through its low site coverage, improved 6,970sqm heavy duty concrete hardstand and regular shaped site characteristics; allowing multiple ways to add value to this land-rich asset. These prime property fundamentals are enhanced by a secure market derived return for five years and proximity to favourable amenity; making it suitable for investors, developers and owner-occupiers alike.
Features of the property include:
-19,024sqm regular shaped block with substantial improved hardstand
- Brand new 5 year lease to the well-established Surepipe Pty Ltd
- Net income of $675,000 p.a. with tenant to pay all outgoings
- Strong review structure for secure income growth
- Opportunity to capitalise on significant development upside (STCA)
- Close proximity to surrounding infrastructure and amenity making it suitable for any array of uses
- Land bank, redevelop, occupy or invest in one of the inner north's last land holding
For more information or to arrange an inspection, please contact the exclusive agents from JLL and Savills.
