5-13 Bearing Avenue,
Warana, QLD 4575

• Central Location in Kawana – close to both Nicklin Way and Kawana Way

• A Rare large parcel in one line with a Total Area of 5440m2 that contains a large colourbond shed approx size 880m2 + Awning and a separate Office / Showroom building of approx 120m2 and Vacant Land – all on Separate Titles

• The Site is fully secured with 4 driveway gates and chainwire fencing

• This size parcel is very unique in this central Warana Industrial Precinct and offers flexibility to a prospective buyer or multiple buyers of Industrial Sites

• The zoning is Medium Impact Industrial

• Excellent Holding Income – currently approximately $94,770 per annum

• Auction – On-Site 2pm Wednesday, 3rd December 2014

• To be offered in one line, but if not sold to be immediately offered in separate parcels (lots)
Holding Income All tenants on Monthly Tenancy
5 Bearing Avenue – Tenant “Kawana Storage”
• Rent $1,336.36 + GST = $1,470 per month + 100% of Outgoings – Currently $4,048.64 pa
7 - 9 Bearing Avenue – Tenant “South East Self Defense”
Tenant in approx Half of the Shed, with the other half currently vacant
• Rent $3,000.00 + GST = $3,300 per month + 25% of Outgoings (with the exception of Waste water = 100%) – Currently $3,479 pa
• Total Outgoings for this property are $6,958 pa
11 – 13 Bearing Avenue – “Sunshine Toyota”
• Rent $3,561.14 + GST = $3,917.25 per mth + 50% of Outgoings – Currently $6,958.00 pa
Holding Income Summary
• 5 Bearing Ave Kawana Storage Rent $16,036.32 net pa + GST + 100% Outgoings
• 7 – 9 Bearing Ave Sth East Self Defense Rent $36,000 net pa + GST + 25% Outgoings
• 13 Bearing Avenue Sunshine Toyota Rent $42,773.68 net pa + GST + 50% Outgoings
Total net rent received = $94,770.00 per annum
Annual Outgoings Summary (7 – 13 Bearing Ave are all rated together as 1 parcel with S.S.C.R.C.)
• 5 Bearing Avenue 100% paid by Tenant = $4,048.64
• 7 – 9 Bearing Avenue 25% paid by Tenant = $3,479.00
• Owners contribution towards outgoings as above is 25% = $3,479.00 pa
• 11 – 13 Bearing Avenue 50% paid by Tenant = $6,958.00
Total Outgoings for Whole Parcel ( 5 – 13 Bearing Avenue) = $17,965.00 pa
Total Outgoings received from Tenants = $14,485.64 + 25% of Waste Water from South East Self Defense Shed (approx $264.50 + GST pa)