• Sold
VERSATILE INDUSTRIAL INVESTMENT
VERSATILE INDUSTRIAL INVESTMENT
VERSATILE INDUSTRIAL INVESTMENT
VERSATILE INDUSTRIAL INVESTMENT
VERSATILE INDUSTRIAL INVESTMENT
VERSATILE INDUSTRIAL INVESTMENT
VERSATILE INDUSTRIAL INVESTMENT
VERSATILE INDUSTRIAL INVESTMENT
VERSATILE INDUSTRIAL INVESTMENT
VERSATILE INDUSTRIAL INVESTMENT
VERSATILE INDUSTRIAL INVESTMENT
Ideally located in the heart of an established Cairns industrial precinct, the combined lots at 5&6 /78 Fearnley Street, Portsmith offer a quality tenanted investment opportunity.

Centrally positioned in Portsmith and only a short distance north to enter the Cairns CBD and a short drive south to merge onto the Bruce Highway, there are few sites of this value and quality that are so closely located to industrial conveniences including main roads, sea and rail freight terminals.

The properties are made up of two adjoining strata allotments within a small light industrial commercial complex containing a total of 6 allotments. Offering a combined titled area of 246m2 and separate from the other allotments in the complex, the amalgamated lots 5 and 6 benefit from independent street frontage, signage, side access and designated car parking.

Comprising 2 strata lots; lot 5 is positioned at the front and is improved with air-conditioning over two levels, glass front reception, open plan office, meeting/boardroom and staff lunchroom facilities. The balance of lots 5 and 6 form the rear connected warehouse/workshop and mezzanine storage.

Both properties are currently leased with the first three-year term expiring on 30 April 2020. A further two-year lease term has been exercised by the lessee, providing ongoing income security until the end of April 2022, with a balance two-year option remaining in the current lease.

Features:

•Completely freestanding building
•Two strata allotments providing ongoing versatility
•Substantial existing two level fit out
•Two side-access roller doors
•Reasonable access for small trucks
•Central and accessible location

Lots 5 & 6 / 78 Fearnley Street, Portsmith are offered for sale by private treaty. For more information, contact Jay Beattie on 0428 551 062.

*approximately

All information contained herein is gathered from sources we believe to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries

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Ref #: 20422573

Property Details

  • 23/09/2020
  • Contact our experts for details on this transaction