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5 & 7-9 Buckman Close, TOORMINA NSW, 2452

Sold
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Property Sold in 5 & 7-9 Buckman Close, TOORMINA NSW, 2452

Your Commercial Property Specialist

Suite 1, Level 1, Coffs Service Centre, 380 Pacific Highway, Coffs Harbour, NSW 2450

Listing ID:
11386987
Status:
Sold
Last Updated:
22/09/2020
Price:
$3,100,000
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Property Type

Industrial/Warehouse/Showrooms/Bulky Goods
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Land Area

3771 SQM
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Floor Area

2659 SQM
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Parking

N/A

Two adjoining properties leased to global business - price guide circa 6.7% return

Two adjoining properties leased to global business paying 100% of outgoings**

Offered as a bundle for sale via Expression of Interest - vendors price guide expectation circa 6.7%.

Fully fenced, level blocks providing a total land area of approx. 3,771m2 and net annual income of approx. $207,835 + GST and tenant paying 100% of outgoings**

The properties are located in a popular industrial estate at the end of cul de sac, providing excellent turning circle for large vehicles.

5 Buckman Close and 7-9 Buckman Close are both leased to successful global business Vulcanic TEE's until 2027.

Vulcanic TEE boast 12 businesses worldwide created over 45 years of operation and specialise in custom made heating solutions.

Investment options with this calibre of tenant are rare to find in regional areas.

5 Buckman Close could be further developed subject to Council approval and lease provisions in place.

7-9 Buckman Close is certainly one of the most attractive industrial buildings on the Coffs Coast... providing ground and first floor air- conditioned office space with bathroom and kitchen facilities; large, high clearance warehouse space with separate factory lunch room and amenities and the added benefit of multiple, multi-functional mezzanine areas throughout the building.

KEY FEATURES Include:

- Global business tenant
- Tenant pays 100% of outgoings**
- Future development opportunities*
- Large solar panel system on 5 Buckman Close
- Air-conditioned reception, offices and board room facilities
- Separate office and factory lunchroom and amenities
- Attractive street appeal
- Approx. 46m frontage to Buckman Close
- Wide, dual concrete driveways
- Multiple gate access
- Fully fenced***
- High clearance warehouse with good cross-ventilation
- Additional building suitable for storage or workshop operations
- Multiple high and wide roller door access
- Generous concrete hardstand area at front of building
- Undercover parking area
- Gravel hardstand yard
- Close proximity to Pacific Highway
- Good semi-trailer access to estate
- NBN ready
- Zoned IN1 General Industrial

Toormina is a suburb in the City of Coffs Harbour, on the east coast of New South Wales, Australia approximately halfway between Brisbane and Sydney. Located in the city's south, Toormina provides easy access to the Pacific Highway; is close to the airport, international sporting stadium and university/education campus.

Investment property in Toormina has done well for investors when compared to the country as a whole over the last 12 months (Source: CoreLogic)

The property is only meters from the adjoining, iconic seaside suburb of Sawtell, which is in the TOP 20% in NSW when comparing median price capital growth over the last year. (Source: CoreLogic)

To secure this premises contact exclusive Agents - Your Commercial Property Specialist:

Cherie Parik: 0423 369 999 or cherie@yourcps.com.au
Damon Rootes: 0434 877 115 or damon@yourcps.com.au
Office: (02) 5606 2444 or admin@yourcps.com.au

We are your commercial property people - and we look forward to securing this premises for you/your client.

The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify the information.

*Subject to Council Approval **Outgoings lessee's percentage per Clause 4 of lease is 100% ***adjoining boundary fence between properties not currently in place due to Vulcanic TEE leasing both properties.

For more details, please email agent

Your Commercial Property Specialist

Suite 1, Level 1, Coffs Service Centre, 380 Pacific Highway, Coffs Harbour, NSW 2450


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