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Sold on 25 Jun 2019

86-90 Marian Street & 5 Ivy Street Mount Isa QLD 4825

  • Industrial / Warehouse
  • 657 m²
  • Sold

LONG-STANDING NATIONAL TENANT NEW 5 YEAR LEASE

Michael Willems of Ray White Commercial Gold Coast, as exclusive agent, is proud to offer this exceptionally rare opportunity to purchase a quality freehold investment in Mount Isa.

The property represents a fantastic opportunity to purchase a quality income producing industrial investment. The property is fully leased to a national blue chip tenant Supercheap Auto'.

* Prime position with exposure to Marian Street (Barkly Highway)
* Net income $95,678.80* p.a. + GST plus outgoings
* 5 year lease (until 2024) just renewed (commencing 19/7/2019)
* 5,670m2* general industrial facility with low site coverage within 2km* of the Mount Isa city centre
* Development Approval for a showroom extension - proposed new 10 year Lease $174,900 + GST
* Huge potential for rental uplift
* Approved subdivision for 2 lots

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 time05/07/2019 10:30
Auction locationRay White Offices, Level 26/111 Eagle Street, Brisbane

Property Highlights

Property ID2015311678
Date Sold25 Jun 2019
Floor Area657 m²
Land Area5,670 m²
ParkingAsk Agent
Category
Last updated  29 May 2019
Map for 86-90 Marian Street & 5 Ivy Street Mount Isa QLD 4825
Ray White Commercial Gold Coast
Level 2, 50 Cavill Avenue Surfers Paradise QLD 4217

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