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5 Corio Street Kawana QLD 4701

  • Factory, Warehouse & Industrial
  • 2,500 m²
  • For Sale, Please contact agent

Outstanding 10.28ha investment and value add opportunity

  • 5+5 year lease to long term tenant
  • Returning $395,200 net pa
  • 3.38ha vacant & ready for development

Colliers International Brisbane and PRDnationwide Commercial Wide Bay are pleased to present this outstanding 10.28ha investment and value add opportunity that offers both long term investment income with immediate development upside.

Long term tenant Mining Equipment Maintenance lease 6.9ha of the total site which includes number of substantial industrial buildings ideal for their use. The site predominantly houses a yard / hardstand storage operation and has substantial imbedded infrastructure. They have a 5 year lease running through until October 2023 with an additional 5 year option secured by both a bank guarantee (equivalent to three months rental + GST) and directors guarantees. The lease returns $395,200 per annum net plus GST and the applicable outgoing relating to the tenants portion of the site.

The balance 3.38ha has undergone extensive earthworks including levelling and construction of retaining walls. This part of the site is of a regular shape and it has a frontage of approximately 190 metres with the three other boundaries ranging from 150 to 180 metres. It is fully fenced and subject to obtaining any approvals that may be required for an intended use, it is ready for immediate occupation.

The property is offered for sale via Expressions of Interest closing Wednesday 24 June at 4pm.

For further information please contact the Exclusive Agents at Colliers International & PRDnationwide Commercial Wide Bay

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2016271318
Floor Area2,500 m²
Land Area102,800 ha
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  21 May 2020
Map for 5 Corio Street Kawana QLD 4701
Map for 5 Corio Street Kawana QLD 47015 Corio Street Kawana QLD 4701
Colliers International - Brisbane
Level 30 111 Eagle Street Brisbane City QLD 4000

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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Contact Agent