LOW $3M
14 Iraci Crescent, Evans Landing, QLD 4874
GREAT OPPORTUNITY FOR THE ASTUTE INVESTOR!
Investors if you are looking for return then this property need to be considered! The property is located within the Industrial precinct of Evans Landing within the mining town of Weipa on the west coast of Cape York Peninsula in Far North Queensland.
The site comprises a 4,914 sqm, slightly irregular shaped, corner allotment. The site is improved with two (2), detached, industrial office, showroom, and warehouse buildings providing a total combined lettable area of 1,940 sqm. The property represents a fully leased investment to two (2) tenants with a passing net income of $243,280 per annum plus outgoings and GST. The anchor tenant being the ASX listed Coates Hire.
Tenant 1 - ENZED:
$63,280 plus outgoings and GST
3+3+3 year term commencing on 1 Feb 2025
3% annual reviews and to market at the option
Tenant 2 – COATES HIRE PTY LTD
$180,000 plus outgoings and GST
3 year term (second and final term of the lease) commencing in 1 Feb 2025
CPI annual reviews or fixed whichever is greater.
$50k bond
Tenants pay all outgoings such as land tax, rates, insurance and water.
If you are looking for a sound investment with no headaches then circle this one!
Property Code: 357
The site comprises a 4,914 sqm, slightly irregular shaped, corner allotment. The site is improved with two (2), detached, industrial office, showroom, and warehouse buildings providing a total combined lettable area of 1,940 sqm. The property represents a fully leased investment to two (2) tenants with a passing net income of $243,280 per annum plus outgoings and GST. The anchor tenant being the ASX listed Coates Hire.
Tenant 1 - ENZED:
$63,280 plus outgoings and GST
3+3+3 year term commencing on 1 Feb 2025
3% annual reviews and to market at the option
Tenant 2 – COATES HIRE PTY LTD
$180,000 plus outgoings and GST
3 year term (second and final term of the lease) commencing in 1 Feb 2025
CPI annual reviews or fixed whichever is greater.
$50k bond
Tenants pay all outgoings such as land tax, rates, insurance and water.
If you are looking for a sound investment with no headaches then circle this one!
Property Code: 357
Property Info
Municipality
Evans Landing
Deborah Duffy Estate Agent Weipa Airport
P.O. Box 15
Weipa Airport, QLD 4874
Tel: 0418 773 747
Email Us
Deb Duffy
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