Property ID: L5107298 |
"Dugan & Co Property are pleased to present 430 Newman Road, Geebung to the market .
This outstanding property comprises a freestanding office/ showroom/ warehouse of 1,445m2 with a massive yard at the rear on a large 7,552m2 site for storage or future development.
Freestanding Geebung Investment With Multi-National Tenant
Net Income of $145,009.36 p.a
Multi-National Tenant
Strong Review Structure
This outstanding investment provides a rare opportunity to acquire a prominent freestanding building with an unparalleled strength of covenant.
Features of the property include:
- Office/lab and warehouse providing 1,090sqm*
- Situated on 2,335sqm* IN2 zoned site with dual street access
- Securely leased until February 2023 with options through to 2035
- Leased to French based multi-national corporation with an annual turnover in excess of $95M
- Net income of $145,009.36 p.a
- Strong review structure of minimum 4%, ensuring fixed income growth
- Three (3) months security in place
- Located in the tightly held inner-north industrial precinct
- Direct access to surrounding critical infrastructure
This an opportunity not to be missed, in a booming industrial hub on Brisbane's Northside. For further information or to arrange an inspection contact Paul Dugan or Juma Marstella from Dugan & Co Property."
