59 Neumann Road,
Capalaba, QLD 4157

59 Neumann Road, Capalaba

The owners of this near new industrial warehouse complex which offers approximately 1113m² of building in two tenancies of 489m² + 77m² Mezz Office and 470m²+77m² Mezzanine Office, have instructed us to liquidate the property. Each tenancy contains approxmately 77m² of carpeted and air conditioned mezzanine level office cantilevered from the front of the building to provide car parking underneath. The building is erected on a 1479m² 'Industrial B' zoned allotment, with a 'Warehouse' classification. The property has an extensive electrical fitout, self contained amenities, full security fencing and ten (10) on site car parks.
Unit 1, 566m², is currently leased to Vemag Australia pty ltd, an international company specialising in sales & servce of food processing and packaging machinery who have just exercised a 2 year option t remain in the property.
Unit 2, 547m² is available for lease or for occupation by an owner occupier looking for a corporate HQ with excellent rental returns.

Tenancy 1
Vemag Aust Pt Ltd.
Area- 489m2 + 77m2 Mezz Office
Lease- 2+2 Year
Start- 1/11/06
Nett Rental PA- $75,761.08 (approx)
Increases- CPI Annually

Tenancy 2
Vacant
Area- 470m2+ 77m2 Mezz Office
Nett Rental PA- $74,998 (market)
Increases- CPI Anually

POTENTIAL GROSS INCOME: $150,759.08 Less Outgoings (Rates/Insurance): $7,891= $142,868.09 NETT

AUCTION ON SITE THURSDAY 28th AUGUST, 2008 at 11am.

For further details contact
Nathan Moore- 0413 879 428
Michael Keddy- 0403 181 272