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Sold on 25 Aug 2018

8 Pirelli Street Southport QLD 4215

  • Industrial / Warehouse
  • 651 m²
  • Sold

Absolutely MUST Be Sold - 100% Leased CBD Fringe Investment - Extremely Motivated Vendor!

Open for Inspection Saturday 25th August 10am - 11am
On-Site Auction Saturday 25th August 11am

The Jared Johnson & Lachlan Marshall Team are proud to offer this exceptional investment opportunity. 8 Pirelli Street, Southport is a multi-tenanted, freestanding, income producing asset strategically positioned in the Gold Coasts premier Industrial & Commercial business precinct.

Approved food factories are rarely available and hard to come by. Our vendor is extremely motivated and has given very clear instructions to sell on or before Auction.

* Significant Net income $144,205.36* p.a. + GST (tenants pay all outgoings)
* Net Lettable Area 651m²*
* 6 Individual tenancies
* A mix of long standing tenants who actively collaborate
* 5 strata titled lots (to be sold in one line)
* Annual rental increases
* Food factories are all council approved and all include a long list of equipment including cold rooms, stainless steel range hood & extraction fans, ovens, work benches, the list goes on (Detailed list of inventory for every individual unit in Information Memorandum)
* Quality constructed concrete tilt panel freestanding building
* 4x individual underground grease traps
* Constructed by award winning builder 'Lawrence Reece Constructions'
* Walking distance to the Queen Street Light Rail Station
* Surrounded by National and Multi-national businesses within one of the Gold Coast's most central Commercial & Industrial estates
* Motivated vendor will consider all offers
* Don't miss this rare and outstanding opportunity!

For a detailed Information Memorandum please contact the exclusive listing agents Jared Johnson & Lachlan Marshall for more details by clicking on the link above.

* Approximately

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

AUCTION

Auction date and time25/08/2018 11:00
Auction locationOn-Site, 8 Pirelli Street, Southport

Property Highlights

Property ID2014530161
Date Sold25 Aug 2018
Floor Area651 m²
Land Area1,000 m²
ParkingAsk Agent
Category
Last updated  20 Aug 2018
Map for 8 Pirelli Street Southport QLD 4215
Ray White Commercial Gold Coast
Level 4, 18-22 Orchid Avenue Surfers Paradise QLD 4217

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