397-429 South Street, Harristown QLD 4350
- Development / Land
- 7 ha
- For Sale, Contact Agent
ASX Listed Tenant Covenant with Value Add Development Opportunity!
Colliers International Toowoomba have the pleasure of presenting 397-429 South Street, Harristown for sale via Expressions of Interest.
Well located to capitalise on the expanding Toowoomba Enterprise Hub, this property represents a large-scale future development opportunity with significant holding income from an ASX listed tenant covenant.
Currently operating as the Harristown Sale Yards, 397429 South Street, Toowoomba offers 6.95 hectares of low and medium impact industrial land, well located in close proximity to major national road networks including the Toowoomba Second Range Crossing, as well as the Toowoomba Wellcamp Airport and the InterlinkSQ Intermodal Rail Terminal.
The property is currently tenanted by Elders Rural Services Australia Limited on a 5-year lease term commencing 23 December 2018 at a net rental of $613,813 per annum with a further 5-year option. Early termination provisions allow for early development of this site after the initial 5-year term if desired.
Currently offering fifty (50) individual title in a practical and usable configuration in combination with temporary road closure across the site, the future development of smaller scale industrial lots is expected to compliment the expected market demand for medium impact and light impact industrial lots in closer proximity to the core business areas and expanding Central Business District.
Highlights of the property include:
6.95ha of low & medium impact industrial land across 50 titles suitable for a multitude of development opportunities (STCA)
Current improvements include 2,100m2 showroom/warehouse, 1,100m2 office facility, 1,400m2 covered cattle yards and 240m2 site office and public amenities.
Access to extensive Infrastructure Credits due to current site titling and configuration, reducing future development costs.
High profile location in close proximity to major arterial roads such as the Gore, New England and Warrego Highways
Opportunity to capitalise on the current and proposed Infrastructure Projects, with in excess of $14 billion of projects identified within the Toowoomba and the Surat Basin Region,
Rarely does a development site of this size and potential come to the market dont miss this opportunity to secure the Sale Yards!
Accelerating Success. For more information, please contact Dan Dwan or Simon Beirne of Colliers International.
* Net rental of $613,813 per annum
* 6.95ha across 50 individual titles
* Secure tenant covenant to Elders Rural
|Floor Area||3,440 m²|
|Land Area||7 ha|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||17 May 2019|