Highlights
5 year lease with fixed 3% increases
Securely tenanted asset
Established industrial area
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.
