7 Lathe Street Virginia QLD 4014

RWC Queensland is pleased to offer 7 Lathe Street, Virginia for sale via Public Auction Thursday 13 June 2024, 3pm (AEST).

7 Lathe Street, Virginia is a multi tenanted freehold investment in the heart of Brisbane's Northside Industrial market. Comprising of three individual detached buildings with a total of 2,779 square meters of lettable space over eight tenancies. The complex is built on General Industry zoned land with a site area of 5,321 square meters.

The 'value add' proposition of the property is where the true investment lies. Capital improvements in recent times makes 7 Lathe Street both set and forget or value add opportunity through lease correction or further infrastructure enhancement.

Property features:
• $379,046 annual rent collection
• $109,135 annual outgoings collection
• $488,181.60 total income
• Varying lease terms through till April 2031
• WALE - 4.01 based on income
• Three Buildings totaling 2,779 square meters NLA
• All tenancies completed with individual amenities
• All tenancies completed with office space
• Container set down space
• Capital works recently completed include things such as roofs
• 39 on-site car parks (Car parking plan in the Data Room)
• 5,321 sqm of land content

Location features:
• 250m* to Sandgate Road
• 11.2km* from the Gateway Motorway access, both North & South bound
• 12.3km* from the Brisbane Airport
• 14.1km* from Brisbane CBD
• 2.1km* from Geebung train station
• National operators in the immediate vicinity include, Bunnings, Office Works, Repco, McDonald's, The Good Guys, 7/11, United Petroleum, BP, CBA, ANZ, and more.

The auction will be held In-Rooms at Level 26/111 Eagle Street, Brisbane at 3:00pm (AEST), 13th of June, 2024.

Please contact the exclusive marketing agent Brocke Hambecht from RWC Queensland to arrange an inspection.