Under instructions from Mr Frank O'Neill and Mr David Stimpson of SV Partners as Joint Receivers and Managers of The Property Fund Pty Ltd ATF TPF Industrial Fund No. 1.
2-4 Dawson Highway, Biloela is an irregular shaped allotment improved with a service station facility including main building and a medium clearance awning of 3.2 metres over four fuel dispensers.
The property has had the benefit of both operational and cosmetic upgrades with a retail space refit and tank and line upgrades totaling $600,00 spent by the Lessor with capital works capitalised at 7%.
Tenanted by Chevron with a lease expiry of 30/06/2030.
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Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.
Knight Frank Cairns has been successfully operating for over 32 years and incorporates three departments into the one office; a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.
Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.