High Returning Laboratory with National Tenant
17 Hamill Street, Garbutt, Queensland 4814
Industrial For Sale
Land Area: 1,012.00 m2. Floor Area: 342.00 m2.
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:
- Access onto Major Arterial Road Networks
- Well Maintained Assest
- High Returning
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