An ideal income and commercial land package to be sold as a going concern. The business has been trading under its current ownership since its establishment in 1996, generating income of around $150,000 p.a. with minimal operating expenses. The owner is retiring and moving focus with his investments, creating the rare opportunity for an astute business operator to purchase this well established Public Weighbridge facility and prime freehold property.
Based on the asking price, an owner operator would be looking at a net yield in excess of 15% p.a.
It is prominently positioned in the Caboolture Corporate Park Estate, on the corner of Piper and Skyreach Streets, with easy access to the Bruce & D'Aguilar Highways and adjoining industry. The facility operates independently of the government controlled heavy vehicle inspection station on-site.
Total land area of 1,908 m2 includes the weighbridge, associated equipment, adjoining inspection station, office facilities, amenities, extensive hardstand area and is fully fenced. The owner had sometime back, received development approval to build an additional 350 m2 industrial workshop on the site, to accommodate private contractor truck repairs if required in the future.
Queensland Transport Department has an ongoing lease in-place with the business owner, where they operate a heavy vehicle brake inspection station with full-time staff. It is obvious that the inspections would generate brake and associated repair work for an adjoining workshop, hence the reason for the owner gaining approval to build a 350 m2 industrial shed on-site, generating additional leasing income.
The freehold property and business with all inclusions is for sale at $930,000. Contact Warwick Peters at R&W Caboolture Commercial for further detailed information on the property.