126 Enterprise Street Kunda Park QLD 4556

CBRE is pleased to present this high-quality industrial investment with an ASX-listed tenant that has occupied the property since 2014. Recently, the tenant exercised their option for a further 3 years at the current market rent.

Lease Particulars:
New 3-year triple net lease where the tenant pays 100% of outgoings, plus repairs and maintenance of the property.
Occupied by George Western Foods Limited, Australia and New Zealand's largest food manufacturer, with this facility utilized to distribute Tip Top Bread.
Lease returning $170,000 net + GST per annum.
Annual increases of 2.5%.
Strong tenant covenant.

Property Features:
758 sqm* of total building area.
728 sqm* of warehouse area.
30 sqm* of air-conditioned office, lunchroom, and amenities.
2,680 sqm* of total site area.
Property situated within Low Impact Industry zoning.
Site coverage of 28.28%, allowing for future development potential.
Fully concreted site, perfect for truck maneuvering.
Access to warehouse via 14 loading docks.
LED high bay lights installed throughout the warehouse.
Fully fenced and secure site featuring a motion detection system and CCTV.

The property is strategically located in a bustling industrial business district on the Sunshine Coast, Queensland. The location offers numerous benefits for businesses, including proximity to major transportation routes such as the Sunshine Motorway, Bruce Highway, and Maroochydore CBD. Additionally, the area is surrounded by various amenities, including shopping centers, restaurants, and accommodation facilities, making it a highly attractive location for businesses.

The property is being sold via Expressions of Interest, closing on Wednesday, 27th November 2024, at 4 PM (AEST).

For further information, please contact the exclusive agents Jack McCormack and Matt Marenko of CBRE.

*Approx
**Outline Indicative only