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Partially Tenanted Investment - Huge Upside

75 Pasturage Road, CABOOLTURE QLD, 4510

For Sale

Property for Sale in 75 Pasturage Road, CABOOLTURE QLD, 4510

Listing ID:
9610354
Status:
Active
For:
Sale
Price:
$4,075,000
Last Updated:
11/11/2019
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Property Type

Industrial/Warehouse
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Land Area

8101 SQM
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Floor Area

4190 SQM
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Parking

N/A

Partially Tenanted Investment - Huge Upside

- Well under rented at $62m2 average net
- Vacancies give potential for immediate upside
- Estimated current holding income of $208,740 per annum
- 9 tenancies across 4,190m2 of building on 8,101m2 freehold lot
- Suit owner occupier, offering holding income and future expansion

75 Pasturage Road is a well established industrial complex in Caboolture, offering its tenants functional, feature packed units at rates comfortably under the average market rate. The diverse tenancy sizes, hardstand provision and ability to combine or divide units provides a flexibility unmatched by surrounding complexes.

Potential for the property to return in excess of $375,000 once fully leased at average local area market rentals

Other features include:
- Staggered lease expiry provides continuity of income
- Diverse tenancy mix from 235m2 - 940m2
- Large freehold lot with generous on site car parking
- Individual amenities and ample 3 phase electricity to each unit
- Favorable occupancy history

For more details, please email agent


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