459-461 GOLDEN FOUR DRIVE, TUGUN QLD
Tugun Beach IGA This transaction set a new benchmark (sub 4 per cent fully-leased yield) for IGA’s in Queensland. Moreover,…
The property was sold under auction conditions, after a four week marketing campaign which generated a total of 15 enquiries and five formal offers.
The land comprises a regular shaped double inside allotment, situated at road height, providing a generally level contour with a westerly aspect.
The improvements have a total lettable area of 293m2, comprising 200m2 of office space and 93m2 of warehouse space. The improvements reflect a low site cover of 16%, which was a key consideration of the purchaser. Ancillary improvements comprise concrete sealed driveway, ancillary metal shed, small site office, landscaping and boundary fencing.
The property was offered to the market subject to Vacant Possession and was sold to an owner occupier.
The property is situated within Coopers Plains, which is one of Brisbane’s premier southside industrial localities, and enjoys easy and direct access to major transport nodes including the Ipswich Motorway.
Sale Overview | |
Sale Price: | $680,000 |
Sale Date: | January 2018 |
Income: | Vacant Possession |
Land Area: | 1,821m2 |
GFA: | 293m2 |
$/m2 lettable: | $2,321 |
I$/m2 site area: | $373 |
Tugun Beach IGA This transaction set a new benchmark (sub 4 per cent fully-leased yield) for IGA’s in Queensland. Moreover,…
Built upon the site is a two level commercial building with 8 car parks, originally purpose built by Commonwealth Bank…