27 Expansion Street Molendinar, QLD 4214

Sold for $1,750,000 on 7 Dec 2017
  • Building: 964m²

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Industrial/Warehouse in Molendinar

Freehold Investment with Strong Tenant!

  • Building: 964m²

This property is located within the Molendinar Industrial Precinct. Minutes from the Southport CBD and Pacific Motorway, it is a strategic location and highly desirable.

This freehold investment has been tenanted by the same lessee for over 12 years and offers:
- Land Size: 1,664 sq mts*
- Building Area: 964 sq mts*
- Tilt Panel Construction
- Layout provides office space on both ground floor and mezzanine, male and female amenities, open plan warehouse which is improved and suitable for food production and manufacturing.

The secure lease to Organic & Natural Enterprise Group (who have occupied the premises for over 12 years) offers:
- Net Income: $129,024 + GST
- Outgoings: 100% payable by tenant
- 3 year lease term with options

Freehold investments with secure tenants like this are scarce, this property is well located, in good condition and offers little risk and management for the investor.

Please contact Tony Grbcic or Adam Grbcic for more information on this property.