This is a rare opportunity to purchase an extremely well positioned industrial property in Portsmith and the first time 52-54 Fearnley Street has been offered to the market in over 20 years.
The property comprises a land area of 4,019 sqm, a frontage of 40 metres to Fearnley Street and is located just off Comport Street.
The improvements include a substantial tilt slab office complex with approximately 600 sqm over two levels comprising extensive internal fit out and is formerly known as Adventure House for the owners Experience Co Limited.
The total building area is approximately 1,400 sqm which includes the office complex, a 550 sqm high clearance warehouse and a low clearance warehouse of approximately 250 sqm. There is also a wash bay and the balance area is made up of hardstand.
The current owners will lease back the property for a 1 + 1 year term at $170,000 pa net + GST, followed by CPI for the option period.
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Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.
Knight Frank Cairns has been successfully operating for over 30 years and incorporates three departments into the one office: a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.
Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.
