Freehold Industrial Tenanted Investment - Two Sites - Leased to National Tenant until 2038
Tallon Pamenter from RWC Noosa & Sunshine Coast is proud to offer 32 & 36 Central Park Drive, Yandina to the market for sale.
Welcome to the Sunshine Coast's most significant freehold industrial tenanted investment!
PROPERTY HIGHLIGHTS
• Total building NLA: 3,125m²*
• Combined land area: 6,629m²*
• Brand new extended 5 year lease with options until 2038
Situated just off the Bruce Highway, this industrial tenanted investment is spread across two adjoining lots (each with their own title) and a combined land area of 6,629m²*.
The expansive facilities are leased to a long term national tenant, returning a net income of $432,000 per annum net + GST. The tenant is a large and experienced operator in the food processing and consumer food products industry. Having invested over $6 million worth of improvements and infrastructure into the property, bolstered by a new lease, they plan to sustain continued growth within their Yandina facility.
PROPERTY FEATURES
• Standalone tenanted industrial investment
• Leased to a national tenant until 2038 including options
• Spread across two freehold sites - each with its own title
• Building: NLA 3,125m²*
• Combined land area: 6,629m²*
• The tenant has invested over $6 million worth of infrastructure and fitout to the site to facilitate long term growth
• Newly signed lease extension of 5 x 5 x 5 years
• Annual return of $432,000 + outgoings + GST
• Improvements include but are not limited to a good mix of large open areas for production, air-conditioned offices, good staff amenities, large cold room and freezer storage, dry storage, despatch areas, essential service upgrades and ample hardstand
• The property is fully fenced and secure
LOCATION
As the name suggests, 32-36 Central Park Drive is centrally located on the Sunshine Coast, providing excellent connectivity for logistics. The main connection points are the Bruce Highway M1 (4 minutes*), the Sunshine Motorway (16 minutes*) and the Sunshine Coast Airport (20 minutes*).
The property is for sale by Expressions of Interest closing at 5:00pm Wednesday 17 April 2024.
For more detailed information or to arrange an inspection, please contact Tallon Pamenter.
Our team is strategically located in offices across the Sunshine Coast to service your commercial property sales and leasing needs.
Offices in NOOSA, MAROOCHYDORE & CALOUNDRA
* Approx.