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  5. NATIONAL TENANT - LONG TERM LEASE - FREESTANDING INVESTMENT

26-32 Nealdon Dr, MEADOWBROOK QLD, 4131

Sold
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Property Sold in 26-32 Nealdon Dr, MEADOWBROOK QLD, 4131

Listing ID:
11340572
Status:
Sold
Last Updated:
07/11/2019
Price:
$3,850,000
Icon building

Property Type

Industrial/Warehouse/Showrooms/Bulky Goods/Retail
Icon square

Land Area

6506 SQM
Icon size

Floor Area

3014 SQM
Icon parking

Parking

N/A

NATIONAL TENANT - LONG TERM LEASE - FREESTANDING INVESTMENT

- Secure investment, with 6 year lease term
- LEASED until 2025, with an option to 2030
- Net return over 8%
- South Pacific Laundry has been established since 1990
- They currently have 22 operations nationally
- South Pacific Laundry clientele include Accor, Crown and Hilton
- Returning $317,748 Net PA + Outs (including land tax) + GST
- Annual Rental Increases of 3%
- Total building area of 3,014sqm*
- 6,506sqm* land holding offering dual street frontage
- Extensive tenant fit-out, estimated worth $3 million
- Less than 1km from the Logan Hospital and public transport
- Direct proximity to the Logan Motorway and major connecting roads

(approximately *)

For more details, please email agent

Ray White Commercial Springwood

Unit 1, 3366 Pacific Highway, Springwood, QLD 4127


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