This is a rare opportunity to secure a very central and highly sought-after parcel of industrial land with a successful business owner as your long term tenant on a 5+5+5 year lease. Net Rental $252,000pa + gst + rates + building insurance. At $3.6m this represents a 7% return.
Arundel is renowned as a commercial, industrial and retail hub situated at the northern end of the Gold Coast. The precinct has undergone substantial growth as there has been an emphasis to move to the area to directly service surrounding suburbs and markets. Properties within the area are becoming tightly held, driven by a high demand and a shortage of land available. The area is accessed via major arterial roads leading to and from the M1 Motorway.
10,850sqm of total site area
- Including a 2,300sqm* gable roof warehouse
- Small reception and main air-conditioned office
- Concrete hardstand drive around site
- Zoned Medium Impact Industry
Don't miss out on this unique Industrial investment opportunity.