• 734m industrial warehouse on two (2) strata titles
• Includes 39m a/c ground floor office
• Additional 111m mezzanine level including 39m of a/c office and 72m of load baring storage area
• Other features - 3 phase power, access into building via three (3) driveways with multiple roller door access, generous front, side and rear parking areas and signage to busy smith street
Lease details The property is leased to a long standing tenant and is a well established business operating in Capalaba for the past 35 years. The tenant has entered into a 5+5 year lease commencing 1st November 2015 at a Net annual rental of $76,800 + outgoings & GST with CPI annual increases and a review to market at beginning of option period. A bank guarantee equivalent to three (3) months rent has been provided.
Tenants outgoings include - Body corporate fees = $5,792.00 p.a and rates = $5,528.00 p.a
This truly represents a secure a long term investment.
