62 Hervey Range Road,
Thuringowa Central, QLD 4817

Showrooms & Large Format Retail • Shops & Retail

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8% NET RETURN - NATIONAL TENANTS

WALE 5.3 YEARS
NATIONAL TENANTS
ANNUAL NET INCOME $306,505

High Yielding Retail Investment

The property is improved with a modern building providing two separate tenancies totalling 1,538m2 which accommodates a mix of warehousing, showroom and office areas. The site is corner located totalling 3,331m2 and enjoys a 70m frontage to Hervey Range Road with a high level of street exposure. The passing traffic on Hervey Range Road is currently over 13,000 vehicles per day.

The property has long term leases in place to two national tenants with Haymans Electrical and Tradelink with a net rental income of $306,505 plus GST. With a WALE of 5.3 years this is a strong investment opportunity.

Features include:
- Dual tenancies with long term leases to Haymans Electrical and Tradelink
- Annual net income of $306,505 (excluding GST)
- WALE 5.3 years
- Building area 1,538sq.m
- Highly exposed corner site of 3,331sq.m
- 32 on-site car parks
- Situated in high growth area

Additional information relating to the offering can be made available upon request by contacting:

Shaun McLaren
0439 708 4...
shaun.mclaren@colliers.com

Todd Walsh
0408 061 0...
todd.walsh@colliers.com

Harry Bui
0418 477 8...
harry.bui@colliers.com

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Property ID: 502407138Last Updated: 20 Dec 2017

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