10 Year Leaseback/9B Industrial Dr Emerald QLD 4720

Knight Frank is pleased to present this large-scale, tenanted industrial asset with significant development upside to the market.

The vendor is inviting offers on a leaseback basis, the leaseback will be a 10-year lease term with 2 x 5-year options at $190,000 + GST + Outgoings per annum.

Key features:

- Income of $190,000 + GST + Outgoings per annum to commence at settlement
- 10-year initial lease term with 2 x 5-year options
- 100% of the outgoings are paid by the tenant (including property management fees and land tax)
- 3.5% rent increases annually
- Multi-national/ASX Listed tenant in Australian Laboratory Services (ALS)
- Upcoming capital investment of the tenant exceeding $1,000,000 (STCA)
- Substantial freehold land holding of 1.72Ha
- Excellent development upside with excess land

For further information please contact Adam Kelly.