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 via a condition of a recently struck lease agreement, allowing the tenant to purchase the property with a set price and with agreed terms.
Built upon the site are two freestanding adjoining warehouse buildings, one of metal clad construction and the other of besser block construction.
A 4.9 tonne gantry crane with a 5.7 metre hook height is situated in the metal clad warehouse. The improvements further benefit from 3 x roller shutters, 7.9m to 9.8m warehouse clearance, drive way to rear on left hand boundary, large concrete yard at rear with 484 sqm awning and 3 phase power throughout.
| Sale Overview | |
| Sale Price: | $4,700,000 |
| Sale Date: | August 2017 |
| Income: | Vacant Possession |
| Land Area: | 6,545m2 |
| GFA: | 3,083m2 |
| $/m2 lettable: | $1,525 |
| Initial Yield | N/A |
| Lease Overview | |
| Lessee: | Samios Plumbing Supplies Pty Ltd |
| Area: | 3,083m2* |
| Commencement: | 10 June 2016 |
| Term: | 5+5 years |
| Rent Reviews: | CPI |
| Rental: | $350,000 pa net |
| $/m2* | $114 |
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…