15-17 Kingston Road Woodridge QLD 4114

Here you a tenanted investment with a 5-year lease with options, and a 26-metre frontage to Kingston Road. This precinct is coming of age and is close to the new Springwood CBD with Bunnings, Honda, Total Tools and many other corporates well established.

Features:

- $200,000 HOLDING INCOME
- 5x5 Year Lease in Place
- 2,870m2 rectangular, flood free site with no easements
- Metal clad building is 1,100m2 with multiple access and glass shop front (low site coverage)
- 5m clearance height with 8 x 3m roller doors
- Uses include warehousing, showroom, low format retail or offices, with the ability to split
- Mixed Use Zoning, Enterprise Precinct under Logan City Council
- Future development ability to expand and refurbish building or complete knockdown
- Future growth area in new council plan, gentrifying location
- Huge signage exposure and potential on busy main road, close to major intersection
- Previously leased to Midas, Underwood Automative and Piletech.

Tenant:

- New Lease to Established Automotive Tenant from 1st July 2024.
- 5 x 5 Year Term
- Net Income $200,000
- 4% annual increases
- 100% of outgoings paid by the tenant

Outgoings Per Year:

Council Rates: $16,288
Water: $2,373
Insurance: $4,671

There is continuous demand for industrial opportunities, do not delay. Enquire now.