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605 Nudgee Road
Nundah QLD 4012
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Sold on 15 Nov 2022

605 Nudgee Road Nundah QLD 4012

  • Factory, Warehouse & Industrial
  • 890 m²
  • Sold

MULTI-TENANTED INDUSTRIAL INVESTMENT

    Cushman & Wakefield is pleased to present 605 Nudgee Road, Nundah to the market for sale via Expressions of Interest closing Thursday 28th July 2022 at 4pm.

    605 Nudgee Road, Nundah is a high profile, multi-tenanted investment located on Nudgee Road on the border of Nundah and Hendra. The property is strategically located along the main road of Nudgee Road with huge exposure to the Southern Cross Motorway at the rear. The property is situated on a 2,530sqm* site with multiple crossovers to Nudgee Road. The asset is an 890sqm building consisting of two separate tenancies with a total annual net income of $140,000. The anchor tenant, Signarama, has been an extremely long-term tenant, and WSP Services are a national company who moved to Nudgee Road in 2020.

    The property is a rare multi-tenanted asset with two national tenants that is perfect for a private investor or self-managed super fund.

    890sqm* building split into two tenancies

    Securely leased by two national companies

    2,530sqm* regular shaped site zoned Low Impact Industry (LII)

    Net income of $140,000 per annum*

    Annual increases of CPI or 3% on both leases

    Signarama lease expiry of October 2024 with options

    WSP Services lease expiry of July 2023 with options

    Proven under market rental with future uplift

    Ideally located with huge exposure to both Nudgee Road and the Southern Cross Motorway

    7km from the Brisbane CBD

    This opportunity is offered for sale via expressions of interest closing Thursday 28th July 2022 at 4pm.

    For further information and a copy of the information memorandum, please contact the exclusive agents from Cushman & Wakefield.

    Property Highlights

    Date Sold15 Nov 2022
    Floor Area890 m²
    Land AreaAsk Agent
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2017902274
    Category
    Last updated  11 May 2023
    Map for 605 Nudgee Road Nundah QLD 4012

    Property Highlights

    Date Sold15 Nov 2022
    Floor Area890 m²
    Land AreaAsk Agent
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2017902274
    Category
    Last updated  11 May 2023
    Level 11/123 Eagle Street Brisbane City QLD 4000

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