179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350
179 Stephen Street Harristown, QLD 4350

179 Stephen Street Harristown, QLD

Sold on 14 Dec 2018

Property Type Industrial & Logistics
Asking Price Sold for $4,100,000
Floor Area 2,404 m²
Land Area 8,855 m²

Prime Industrial Investment - 5 Year Lease - 8.5% Net Yield

LJ Hooker Commercial are pleased to present for sale this premium industrial investment opportunity.

179 Stephen Street provides a securely tenanted asset in an established industrial area of Toowoomba. Income producing property of this nature will continue to be scarce in Toowoomba and this opportunity provides Investors with a chance to secure an industrial investment.

The key investment highlights;
- Lease until August 2023 with 2 x 5 year options until 2033
- Lessee - QTEQ Pty Ltd
- A leading georesources exploration and production company
- Passing net income of $360,500.00 per annum
- All outgoings recoverable from tenant including land tax
- Rent reviews 3% fixed annually with market reviews at option

Property Features;
- Total land area of 8,855m2 of medium impact zoned land
- Total building area of 2,404m2 including 1,324m2 warehouse, 548m2 covered loading area, 382m2 of office and 150m2 of covered wash down facility
- Other improvements include 10 tonne gantry crane, service pit with oil/airlines, three 10,000 gallon rain water tanks, extensive concrete and gravel hardstand, security fencing and more
- Key location with access to major arterial roads

To receive a copy of the Information Memorandum please contact exclusive selling agent Markus Eames on 0407 388 856.