• Sold
Laboratory with National Tenant Returning 12.5% Net Plus
Laboratory with National Tenant Returning 12.5% Net Plus
Laboratory with National Tenant Returning 12.5% Net Plus
Laboratory with National Tenant Returning 12.5% Net Plus
Laboratory with National Tenant Returning 12.5% Net Plus
Laboratory with National Tenant Returning 12.5% Net Plus
Laboratory with National Tenant Returning 12.5% Net Plus
Laboratory with National Tenant Returning 12.5% Net Plus
Laboratory with National Tenant Returning 12.5% Net Plus
Laboratory with National Tenant Returning 12.5% Net Plus
Laboratory with National Tenant Returning 12.5% Net Plus
This mostly iron clad, steel framed office / warehouse of 342 m2 has been converted into a high quality laboratory for the Australian owned company Symbio Laboratories. The national tenant has recently passed the half way point of a 4 year term with expiry 31/03/2021 plus a 4 year renewal option thereafter.

The property is well located in Hamill St, Garbutt, just off Duckworth St with easy access onto major arterial road networks such as Ingham Rd, Woolcock St and the Bruce / Flinders Highways.

This well maintained asset currently returns more than $70,000 pa net which will provide a yield well in excess of 10% net and high returns will continue if the tenants renews with a ratchet clause included in the lease.

For further details or to arrange an inspection contact James Pascoe at Colliers International.

Ref #: R2-2014879

Property Details

  • 11/12/2019
  • Contact our experts for details on this transaction