High Returning Laboratory with National Tenant

17 Hamill Street, Garbutt, Queensland 4814

Industrial For Sale

For Sale
Land Area: 1,012.00 m2.    Floor Area: 342.00 m2.    

Description

SALE PRICE
CONTACT AGENT

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 past 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 circa $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 more information or to arrange an inspection, please contact:

James Pascoe
Colliers International

Features

  • Access onto Major Arterial Road Networks
  • Well Maintained Assest
  • High Returning

Map

Open in a new window

Contact Us

Share This Property
For further details, contact:
Close
Saved Properties
Remove All
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.