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LJ Hooker Commercial - Toowoomba
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179 Stephen Street Harristown, QLD 4350

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179 Stephen Street Harristown, QLD 4350

Warehouse, Factory & Industrial • Showrooms & Bulky Goods • Other
Sold Price

$4,100,000

Land area

0.89ha (2.19 acres)

Floor area

2404.0m²

Car spaces

15

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

14 Dec 2018

Prime Industrial Investment - 5 Year Lease - 8.5% Net Yield

  • Securely tenanted asset
  • Established industrial area
  • 5 year lease with fixed 3% increases
LJ Hooker Commercial are pleased to present for sale this premium industrial investment opportunity.

179 Stephen Street provides a securely tenanted asset in an established industrial area of Toowoomba. Income producing property of this nature will continue to be scarce in Toowoomba and this opportunity provides Investors with a chance to secure an industrial investment.

The key investment highlights;
- Lease until August 2023 with 2 x 5 year options until 2033
- Lessee - QTEQ Pty Ltd
- A leading georesources exploration and production company
- Passing net income of $360,500.00 per annum
- All outgoings recoverable from tenant including land tax
- Rent reviews 3% fixed annually with market reviews at option

Property Features;
- Total land area of 8,855m2 of medium impact zoned land
- Total building area of 2,404m2 including 1,324m2 warehouse, 548m2 covered loading area, 382m2 of office and 150m2 of covered wash down facility
- Other improvements include 10 tonne gantry crane, service pit with oil/airlines, three 10,000 gallon rain water tanks, extensive concrete and gravel hardstand, security fencing and more
- Key location with access to major arterial roads

To receive a copy of the Information Memorandum please contact exclusive selling agent Markus Eames on 0407 388 856.

Property ID: 502921926Last Updated: 9 Jan 2019

0407 *** ***
LJ Hooker Commercial - Toowoomba
179 Stephen Street
Harristown, QLD 4350
Markus Eames

LJ Hooker Commercial - Toowoomba

111 Herries Street
EAST TOOWOOMBA, QLD 4350

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LJ Hooker Commercial - Toowoomba

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LJ Hooker Commercial - Toowoomba

111 Herries Street
EAST TOOWOOMBA, QLD 4350
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Markus Eames

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Markus Eames
LJ Hooker Commercial - Toowoomba
179 Stephen Street Harristown, QLD 4350

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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