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Industrial Development Site with Holding Income

Description

Coldwell Banker Commercial is pleased to offer for sale 9 Christensen Road South, Stapylton.

- Total land area of 46,150sqm
- Partial improvements include three modern industrial warehouses
- Building 1: 1,572sqm* office and warehouse - tenanted (two tenants)
- Building 2: 928sqm* office and warehouse - tenanted
- Building 3: 2,100sqm* office and warehouse - tenanted
- All buildings leased for approximately $100/sqm Nett + GST on new 5 year leases
- Additional monthly hardstand lease
- Total income approximately $488,000pa Nett (plus $7,000 caretaker)
- Existing building sits on 10,150sqm approx. of land
- Residual land area of 36,000sqm approx. for further development
- Zoned Medium Impact Industry under Gold Coast City Council
- Potential to subdivide land into 2,000sqm lots (subject to Council approval)
- Two street access and natural gas connection available

Stapylton is located midway between Brisbane and the Gold Coast and has direct access to the M1/Pacific Highway via Exit 38. Stapylton forms part of the Yatala Enterprise Area (YEA), which is the largest zoned industrial land area in the Gold Coast and is the city's leading industrial precinct.