5 Peace Street, PAGET QLD 4740
$1,225,000 plus GST [if applicable]
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- Industrial / Warehouse, Offices
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- 4 Oct 2016
FULLY MANAGED INVESTMENT
5 Peace Street improvements are 90 storage units, colourbond sheeting on steel frames, with colourbond rolladoors and concrete driveways. The property is fully managed and is for sale at a capitalisation rate of 9% on nett income.
• General Industry [low impact] but has an approved usage of warehouse and bulk stores.
• Construction commenced in 2005 with the first row of sheds and the final 74 units were built in 2008.
• 24 large units [3m x 6m] $250 pcm
• 58 medium units [3m x 3m] $150 pcm
• 8 small units [1.2m x 2m] $90 pcm
• 5 kw solar system generating income.
• Fully managed by a professional property management company.
• A future owner may wish to cancel the current management agreement, and self-manage. If so, they may wish to also inspect the adjoining dwelling, also available for sale separately.
• On the edge of industrial Paget.
• Handy to city, airport and highway connections.
• Fully fenced and secured with a 2.8m mesh fence with three strands of barbed wire.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
5 Peace Street PAGET