Positioned within 300m* of Burleigh beach front. This is an area undergoing a large degree of current urban renewal with
5430m² total Land area, individual lot areas range from 506m²* to 1,055m²*, the asset is zoned Light Industry. With 3347m²* Total lettable area, individual freeholds range from 287m²* 658m²*.
All freeholds are fully leased.
Individual freehold summary below:
4 Hibiscus Haven
Consists 3 medium level warehouses with cold storage space areas plus an upstairs 2 bed residential flat
Total Lettable Area: 652m²*
Land size: 1,055m²*
Total Nett Income: $85,916.36*
Outgoings: $26,586.77* (tenants pay 100% outgoings exclusive land tax if applicable)
Leased to: Rump on the Run, Black Hops Brewer, Organic Paws and a Residential tenancy
Lease terms: Vary from monthly to 3 years with options
6 Hibiscus Haven
Fully leased to one tenant, consists split level warehouse/ works shops
Total Lettable Area: 642m²*(409* workshop, 193* warehouse, 40* storage) + 151* Mezzanine storage area
Land size: 969m²*
Total Nett Income: $49,476*^^
Outgoings: $12,121.98* (tenants pay 100% outgoings, exclusive land tax if applicable).
Leased to: Miami Smash Repairs
Lease terms: 5+5 (comm 23.11.15)
8 Hibiscus Haven
Fully leased Warehouse/ workshop with open plan floor space, general storage space and a small office
Total Lettable Area: 658m²*
Land size: 673m²*
Nett Income: $34,356*^^
Outgoings: $9,807.77* (tenants pay 100% outgoings, exclusive land tax if applicable).
Leased to: Miami Smash Repairs
Lease terms: 5+5 (comm 23.11.15)
10 Hibiscus Haven
Fully leased single level office and workshop
Total Lettable Area: 287m²* (112m2* office, 175m2* workshop)
Land size: 506m²
Nett Income: $40,000*
Outgoings: $7,546.43* (tenants pay 100% outgoings, exclusive land tax if applicable)
Leased to: Miami Smash Repairs
Lease terms: 5+5 (comm 23.11.15)
10a Hibiscus Haven
Fully leased consists, consists workshop with rear yard hard stand area plus an additional separate rear open plan work shop area
Total Lettable Area: 487m²*
Land size: 1022m²*
Nett Income: $52,164*^^
Outgoings: $11,697.19* (tenants pay 100% outgoings, exclusive land tax if applicable).
Leased to: Miami Smash Repairs
Lease terms: 5+5 (comm 23.11.15)
14 Hibiscus Haven
Fully leased single level workshop area, originally shared a dividing wall with 10a Hibiscus which has been removed for tenant access purposes
Total Lettable Area: 315m²*
Land size: 627m²*
Nett Income: $32,004*^^
Outgoings: $8,568.62* (tenants pay 100% outgoings, exclusive land tax if applicable).
Leased to: Miami Smash Repairs
Lease terms: 5+5 (comm 23.11.15)
16 Hibiscus Haven
Fully leased Single level warehouse factory/ office building
Total Lettable Area: 305m²* (293m²* Warehouse/ office, 12m2* amenities)
Land size: 577m²*
Nett Income: $39,600*
Outgoings: $10,175.88* (tenants pay 100% outgoings, exclusive land tax)
Leased to: Alroe Constructions
Lease terms: 2+2 (comm 15.03.19)
^^Note: Lots 6,8,10a & 14 have a combined lease and the advertised net rent has been apportioned according to land size for marketing purposes only.
Individual opportunities like this in this area are rarely available, particularly this many in one line, this is an outstanding opportunity not to be missed
All properties are being offered For sale via public auction in one line first and if not sold on an individual basis immediately after.
For more information contact the exclusive marketing agents. Steven King 0417 789 599 or Adam Young 0417 625 788
*Approx
