26 Burke Street,
Woolloongabba, QLD 4102

This near city industrial property split into two tenancies makes an ideal opportunity to any owner occupier wanting a well located business address with the long term additional tenanted income from Phoenix Engineering. For that value add investor seeking good upside with great returns 26 Burke Street will smash any potential opportunities in Woolloongabba precinct.

With solid concrete foundations and metal clad walls this property is well constructed and will very happily house all different industrial users.

Pertinent details of the property:

- Near CBD land totalling 675m²
- Total building are 668m²
- Ten allocated car parks with potential for more
- Two container height roller doors
- 43m² of street frontage with two crossovers
- 3 Phase power & Air-conditioning
- 6m+ internal warehouse height

Tenancy One – Tenanted Phoenix Engineering P/L

- Total tenancy area 276m²
- Lease commenced October 2014
- Three year lease with three year option
- Current rental $38,000 including outgoings + GST
- Annual increases of CPI or 4% whichever the greater
- Three month bank guarantee and personal guarantees from all directors

Tenancy Two – Tenanted Flags of Nations P/L

- 203m² of ground floor workshop and warehouse
- 175m² of bright spacious first floor office
- 14m² of mezzanine storage space
- Total lettable area 392m²
- Reception, Lunchroom, private office with ground floor toilet amenity
- Current Rental $42,000 including outgoings + GST
- There year lease with three year option
- Annual increases of CPI or 4% whichever the greater
- Three month bank guarantee and personal guarantees from all directors