Colliers Cairns offers for sale the commercial investment opportunity located at 134 Buchan Street, Bungalow. The property is being offered to the market for sale by expressions of interest closing Thursday 29 June at 4pm.
This substantially sized 1,206m2* industrial freehold is positioned on the corners of Buchan and Little Spence Street. The site has been improved with a 610m2* workshop/warehouse which has been divided into two tenancies. The building comprises 10 high clearance, 5 metre roller door entrance points around the workshop and benefits from central positioning on the block which offers drive around access. The balance of the site is made up of hardstand space and security fencing to the Buchan Street side of the property.
This functional building incorporates substantial workshop areas, office space and staff amenities for each tenancy. Both tenancies are currently held under lease to long-term occupiers with a yearly rental income of approximately $71,160pa.
The location of the subject property is a short 1.9km* from the City Centre. The dual street frontages offer high exposure to passing traffic and additional on-street parking options. The site has convenient access to the main thoroughfares including the Bruce Highway and is positioned on the fringes of the industrial precinct of Portsmith.
The industry zoned freehold could suit a multitude of business applications which could benefit and directly draw from its proximity to the CBD and industrial precinct.
Features:
- Substantial 1,206m2* freehold land
- Existing improvements including 610m2* workshop, office space & amenities
- Holding income from existing tenants
- 10 high clearance, 5 metre roller door access points
- Drive around access to the workshop
- Substantial hardstand + dual access
- Versatile structure will suit most uses
- Proximity to CBD
- Convenient access to main thoroughfares & industrial precinct
For more information, contact Stacey Quaid.
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All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
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