Constructed in 2002, this quality industrial building is strategically located just off Palm Drive, Gladstone.

The property is leased to Monadelphous, an ASX 200 listed company and leading provider of construction, maintenance and industrial service solutions to major industry. Monadelphous has a lease over the premises until 30/11/2012 with two further three year options. The lease rate from December 1, 2009 will increase to $98,000 per annum plus GST plus outgoings.

The total floor area of the building is approximately 705m2. The office area is approximately 97m2 and the shed floor area totals approximately 608m2. Included within the main shed is a lunch room, male toilets and shower.

The office area has a tiled floor and is fully air conditioned. Within the office area is a lunch room and also a male, female and disabled toilets. The office area has a security system in place.

The main workshop area is accessed from the front office or side entry via four 5.5m high roller doors. The shed is equiped with three phase power, overhead floor lights, compressor and workshop reticulation.

The building is situated on 2852m2 and is enclosed by a chain wire fence.

The property is available for sale at $1.4 million.