Highlights
Leased to Lindsay International
New 5 Year Lease until 2025
Low Site Coverage of 8%*
The LJ Hooker Commercial Team are pleased to present 13-17 Kimberley Court in Toowoomba to the market for sale via Expressions of Interest Closing at 4pm on the 28th of October 2020.
This asset provides the astute investor the opportunity to purchase the Australian Head Office of Lindsay International and offers a new lease until 2025 with options until 2030.
Lindsay International is listed on the NYSE, with over 1,000 employees, a 2019 FY operating revenue of circa $450 million and a market capitalisation of $1.03 billion.
The key features are:
- Leased to Lindsay International (NYSE: LNN).
- 5 year lease until 2025 with options until 2030.
- Tenant pays all outgoings including land tax.
- 3.0% annual increases.
- Low site coverage of 8%•
- 1,100m2• high bay shed with 150m2• air conditioned office.
- 14,900m2• (1.49ha•) site over 3 lots with 147.5m• frontage.
- Freshly painted office with new carpet.
- Other features include security fencing, 3 vehicle crossovers, 9,000m2• of gravel hardstand and more.
Net Annual Income: $235,000 pa + GST
Cumulative Lease Income: $1,247,647 over 5 years
For further information please contact Chris Stewart on 0451 948 001 or Mike Stewart on 0418 717 361.
Approx•
