28 Magnesium Street,
Narangba, QLD 4504
Warehouse, Factory & Industrial • Development Sites & Land
Price information
Sold
$5,800,000
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Map of 28 Magnesium Street
Substantial Industrial Investment with Development Upside
- 13,700m² Heavy Industry Land
- Triple Net Income: $273,021 + GST P/A
- 4,500m²* Additional Dev Land (STCA)
Located within the tightly held Narangba Innovation Precinct, this rarely available large industrial holding is anchored by national tenant Buildsafe occupying the front section of the property with an additional 4,500m²* of overflow land for future development (STCA). With close proximity to the Bruce highway and industrial land allowing high and medium impact users becoming more scarce, this is an opportunity not to be missed.
This property is available via Offers to Purchase closing 4pm Thursday, 22nd June 2023.
Key Features:
- 1.37* Ha total site size
- 2,000m²* total built area
- Recently renewed 5 year lease to Build Safe
Other Features:
- Rental Income: $273,021.48 Net + GST + Outgoings Per Annum
- 5 year lease to Build Safe: $219,021.48 Net + GST Per Annum
- Periodical lease to Kennedy's Timber: $54,000 Net + GST Per Annum
- Outgoings 100% Payable by Tenants (including land tax)
- Scarcely available Restrictive Industry Zoning - allowing High & Medium Impact Users
- Additional 4,500m²* overflow land for development**
- Close Proximity to the Bruce Highway and Boundary Road
For Sale via Offers to Purchase closing 4pm Thursday 22nd June 2023
*approx
** Subject to Council Approval
For further information or to arrange an inspection, please contact the Exclusive Agent Grant Brix from Quartz Corp.
Brix Realty Pty Ltd ACN 662 868 359 trading as Quartz Corp (“we, us”) make no representation or warranty as to the accuracy, reliability or completeness of the information relating to the property. The information is general information only and any examples given are for illustrative purposes.
This property is available via Offers to Purchase closing 4pm Thursday, 22nd June 2023.
Key Features:
- 1.37* Ha total site size
- 2,000m²* total built area
- Recently renewed 5 year lease to Build Safe
Other Features:
- Rental Income: $273,021.48 Net + GST + Outgoings Per Annum
- 5 year lease to Build Safe: $219,021.48 Net + GST Per Annum
- Periodical lease to Kennedy's Timber: $54,000 Net + GST Per Annum
- Outgoings 100% Payable by Tenants (including land tax)
- Scarcely available Restrictive Industry Zoning - allowing High & Medium Impact Users
- Additional 4,500m²* overflow land for development**
- Close Proximity to the Bruce Highway and Boundary Road
For Sale via Offers to Purchase closing 4pm Thursday 22nd June 2023
*approx
** Subject to Council Approval
For further information or to arrange an inspection, please contact the Exclusive Agent Grant Brix from Quartz Corp.
Brix Realty Pty Ltd ACN 662 868 359 trading as Quartz Corp (“we, us”) make no representation or warranty as to the accuracy, reliability or completeness of the information relating to the property. The information is general information only and any examples given are for illustrative purposes.
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Property ID: 504333496Last Updated: 25 Aug 2023
Quartz Corp - WEST END
3/5 Wolfe StreetWEST END, QLD 4101
04882411...
28 Magnesium Street
Narangba, QLD 4504
Quartz Corp - WEST END3/5 Wolfe Street
WEST END, QLD 4101
WEST END, QLD 4101
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