12/107-111 Newell Street Bungalow QLD 4870

Property Type - Strata Titled Commercial Mixed Use Complex
RPD - Lots 12 on BUP 70977
Lot Area - 306m2
Zoning - Medium Impact Industrial
Outgoings - Council Rates $3000 pa approx
Body Corporate Fees $11600 pa approx

Property Description
Improvements - Constructed on the site is a low level 17 Unit Strata Titles Complex. Construction consists of concrete foundations with concrete slab flooring, masonry block walls, metal deck roof with steel framing.

Lot 12 comprise of approximately 286m2 warehouse area, which includes a 66m2 caretakers residence (plans are Council Planning approved), fully air conditioned with a quality bathroom. This area could also be suitable for additional offices or storage. There is also a neatly presented air-conditioned office of 20m2 approximately. Both the office and caretakers residence have mezzanine floors over same which is used for storage.

Two (2) electric roller doors of 3 metres each

The Internal roof height is 4.1m at its highest, with an average of 4 metres. Body Corporate have allocated funds and replacing the roof in the complex, Lot 12 is due to commence in the near future.

Lot 12 has approval from the Body Corporate to increase the height of the roof line and remove internal steel columns.

107-111 Newell Street is located approximately 5 kilometres to the Cairns CBD, 2km to Cairns City Port and in close proximity to the Southern Access By Pass Road and all major vehicle aerial routes.

Lease Details
The Sellers wish to lease back the building for a period of 2 years from the Sale Settlement date at a rental to be agreed up with Buyers. The sellers business is a shared space with a sculpture/designer and a builder.

Asking Price - $675,000