Ray White Commercial (QLD) is delighted to offer Lots 16+17, 62 Crockford Street Northgate to the market for Sale by Public Auction (if not sold prior).
The compelling investment considerations of this asset: - Lease guaranteed by Harvey Norman Holdings Limited - Annual Net Return of say $330,000.00 + GST - 7 years, 7 months primary term; expiring April 2027 - 5 + 5 years options - Brand new built form (completed 2019) - 2,358sqm* GFA with generic office to warehouse ratio - Freestanding facility on a 4,000sqm* allotment with double frontage - Superb business park location, with food and medical amenity at the estate
Location: The subject asset is superbly located in the thriving estate at 62 Crockford Street, Northgate. There is a licensed cafe and medical facilities onsite, providing above market amenity.
Nearby at Tufnell Road there is a Woolworths anchored retail centre. Comprising; food and beverage, child care and professional services.
Crockford Street is a feeder off Nudgee Road. Nudgee Road connects with; Toombul Road, the East West Arterial and Kingsford Smith Drive.
This location is recognised by the market due to its connectivity via the Gateway Motorway, Tunnel Network, Domestic and International Airport Terminals.
The Northgate/ Banyo precinct offers both bus and rail public transportation solutions.
*subject to survey
AUCTION
Auction date and time
16/10/2020 10:30
Auction location
Ray White Corporate Offices, Level 26/ 111 Eagle Street, Brisbane QLD 4000
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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