Sold

5 Industrial Avenue, Mount Isa

SOLD for $700,000

10 3,153 m2

High Yielding Industrial Investment Leased to ASX listed Mining Company

  • Long term lease with guaranteed rental income
  • 3,153 m² size block
  • Multi and multi-purpose buildings

The property includes a reception area with several private offices featuring air conditioning and staff amenities to the rear. Separate air-conditioned workshop/office spaces which leads out to the 3 massive commercial sheds (large enough for heavy machinery) with evaporative cooling and insulation throughout plus a 4th open shed to the rear. To the front of the property is the staff room/donga with kitchenette and air conditioning.

The property has the following investment highlights:

·         Landlord friendly 3-year net lease with 3-year option to an ASX listed company,

·         Long term tenant commitment ensuring income security for landlord,
Attractive landlord-friendly, net lease structure with tenant paying all outgoings as per lease,

·         Net rent Income: $72,800* pa with probable annual yield of 9-10%

·         Favourable annual CPI rental reviews,

·         Large3,153sqm* freehold site with renovated workshops/office space across three separate buildings

·         Extensive and recent maintenance overall of Fixed plant recently,

·         Extensive reinforced concrete hardstand over 60% (2000sqm) of the property, which caters for heavy vehicles and machinery,

·         Favourable Medium Impact Industrial Zoning for releasing or any future development (STCA),

·         Highly desirable site location,

Strategically located to service Mount Isa's $1.24 billion mining industry,
Mount Isa: the largest economic, logistic and service centre of Northern Australia

Suited in Mount Isa’s Commercial Precinct this opportunity cannot be missed! Call City & Country Realty TODAY! John Tully 0429 029 289, Kieran Tully 0416 177 001 or Sam Johnston 0467 076 756.

 

Details

Address 5 Industrial Avenue, Mount Isa
Price SOLD for $700,000
Property Type Commercial
Property ID 4101
Category Industrial/Warehouse, Offices
Land Area 3,153 m2
Office Area 1,576m2
Warehouse Area 1,576m2

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