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12 Industrial Avenue Molendinar, QLD 4214

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For Sale

12 Industrial AvenueMolendinar, QLD 4214

Warehouse, Factory & Industrial
Sale Price

Contact Agent

Under Contract

Floor area

7192.0m²

Tenure type

Tenanted Investment

NATIONWIDE TOWING & TRANSPORT OPPORTUNITY - QUEENSLAND

  • Fully leased with a WALE of 3.9 Years
  • Passing income of $234,000 p.a Net
  • GLA of 1,673 sqm
CBRE is pleased to offer the Nationwide Towing & Transport Portfolio to market, featuring four Industrial assets across Australia, in major capital cities located at:

• 10 Ashburn Place, Blackburn, VIC
• 7 Tollis Place, Seven Hills, NSW
• 12 Industrial Avenue, Molendinar, QLD
• 42 & 44 Lancaster Road, Wangara, WA

PORTFOLIO SUMMARY
- 100% leased to Nationwide Towing & Transport Pty Ltd
- Quality covenant, being majority owned by RACV
- Portfolio Income $901,160 p.a net*
- Portfolio WALE of 3.9 years
- Strong annual increases to the greater of CPI or 4.0%
- Portfolio GLA of 6,477 sqm
- Portfolio Site Area of 16,742 sqm*
- The portfolio is available separately or in one line

PROPERTY SUMMARY
- GLA: 1,673 sqm
- Site Area: 7,192 sqm
- Income: $234,000 p.a net
- Lease Term: 5 years
- Commencement Date: 13 September 2017
- WALE: 3.9 years (as at 1 November 2018)
- Options: 2 x 2 years
- Greater of CPI and Annual 4.0% increases

LOCATION
- Approximately 4 kms south west of the Southport CBD
- Established central Gold Coast Industrial Precinct
- Surrounding occupiers include Chemist Warehouse, JJ Richards, Viadux, Highgrove Bathrooms
- Excellent connectivity to surrounding arterial roads

Expressions of Interest closing Thursday 6th December at 3:00pm (AEDT).

*Approx

Property ID: 503022518Last Updated: 14 Jul 2019

12 Industrial Avenue
Molendinar, QLD 4214

Agency contacts

CBRE - Gold Coast

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CBRE - Gold Coast

Level 18, 50 Cavill Avenue
SURFERS PARADISE, QLD 4217
CBRE - Melbourne

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CBRE - Melbourne

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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Email enquiry

Send to:

David Corke
CBRE - Gold Coast
12 Industrial Avenue Molendinar, QLD 4214

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

Kind Regards,

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