This freestanding industrial asset is being offered for sale and is 100% leased to a well established corporate tenant.

Located in the well established industrial precinct of Paget, the key features of this asset present it as a high profile tenanted investment with a new 5x5 year lease, $164,850 net pa, 12 month bank guarantee and 4% annual increases, offering and an excellent opportunity to invest in the industrial market.

The property is of modern appearance, with a total NLA of 1,098sqm*, the workshop component includes a 841sqm* floor area, additionally within the building is a front reception/office area with staff amenities and separate amenities to ground level. The second level has a good sized boardroom and separate two bedroom onsite caretakers residence.

The lined space measures 198sqm* in total, a 75sqm* mezzanine storage dock sits over part of the workshop. The workshop is equipped with a 20 tonne* overhead gantry crane and a full trade waste facility with floor grate and discharge. All 6 roller doorways (5 at full container height) are covered by a 5m* wide weather awning. Ancillary improvements include concrete drive apron accommodating 11 car parks including 1 disabled space, established gardens and security fencing.

For further details or to arrange an inspection please contact Mark Kelly at Knight Frank Mackay or Paul Dury at Knight Frank Townsville.

*Approximately