A large 5327 sqm warehouse site in Mount Isa is set to go under the hammer at Burgess Rawson Portfolio Auction next month in Sydney.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
The 1a Traders Way asset is secured on a recently renewed 10-year lease, offering the potential buyer a net income of $155,000 pa + GST, plus attractive compounding 2.5% annual rent increases.
The tenant, BOC Group, who have occupied the site since it was built in 2004, are Australia's leading gas and welding equipment specialists, with a global presence in over 100 countries.
According to Burgess Rawson Sales and Leasing Executive, Craig Chapman, the asset's security as a long-term investment will be a strong investor drawcard.
"A renewed 10-year lease to a longstanding tenant is a dream buy for any investors seeking that 'set and forget' regional addition to their portfolios," Mr Chapman said.
"Of further major benefit, over $70,000 worth of renewable energy and environmental works are currently underway on the property, scheduled to be complete prior to auction, including a brand new 34.5 kw solar system, energy efficient lighting, fittings and equipment."
Mr Chapman said Mount Isa had risen from humble economic beginnings to one of our national industrial powerhouses in the mineral and resource sectors, cementing itself as a strong regional investment location.
The property is comprised of a well-presented purpose-built facility, including retail showroom and offices, mezzanine office, warehouse and loading dock, and parking areas for staff and customers.
The property will go to auction on Tuesday 10 December at Burgess Rawson's Flagship Portfolio Auction at Sydney's Doltone House, Hyde Park.
For further information about these properties or current listings, Craig Chapman can be contacted on 0427 110 132 or via email cchapman@burgessrawson.com.au.
While you are here subscribe to our weekly email to your inbox at 6am every Friday
Derek Barry
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
