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8.85% NET YIELD – SELLER COMMITTED ELSEWHERE & MUST SELL ...

1-17 Knight Street, PARK AVENUE QLD, 4701

For Sale

Property for Sale in 1-17 Knight Street, PARK AVENUE QLD, 4701

Ray White Commercial Gold Coast

Level 2, 50 Cavill Avenue, Surfers Paradise, QLD 4217

Listing ID:
11348223
Status:
Active
For:
Sale
Price:
Asking Price $6,950,000
Last Updated:
03/10/2019
Icon building

Property Type

Industrial/Warehouse
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Land Area

19200 SQM
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Floor Area

3400 SQM
Icon parking

Parking

N/A

8.85% NET YIELD – SELLER COMMITTED ELSEWHERE & MUST SELL - STRONG LEASE – INTERNATIONAL TENANT

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

Fantastic opportunity to purchase a quality income producing industrial investment situated in the heart of Rockhampton (right along side the Bruce Highway). The property provides an exceptional covenant underpinned by the GFG Alliance ‘Liberty Steel' for a 10 year term until November 2024 with options.

* Prime position with exposure to Bruce Highway
* Net Income $615,000*p.a. (as of 28.11.19) + GST + Outgoings
* 10 year lease until November 2024 with options (2 x 5yr)
* 3,400*m2 general industrial facility with low site coverage
* Massive 19,200*m2 land holding less than 1km from the Rockhampton City Centre
* Exceptional covenant underpinned by the GFG Alliance - Liberty Steel
* Diverse local economy and core Queensland growth market
* Strong annual reviews structure ensuring income growth.

*Approx

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.

For more details, please email agent

Ray White Commercial Gold Coast

Level 2, 50 Cavill Avenue, Surfers Paradise, QLD 4217


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