$5,800,000

28 Magnesium Street, Narangba QLD 4504

$5,800,000

28 Magnesium Street, Narangba QLD 4504

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Substantial Industrial Investment with Development Upside

Located within the tightly held Narangba Innovation Precinct, this rarely available large industrial holding is anchored by national tenant Buildsafe occupying the front section of the property with an additional 4,500m²* of overflow land for future development (STCA). With close proximity to the Bruce highway and industrial land allowing high and medium impact users becoming more scarce, this is an opportunity not to be missed.

This property is available via Offers to Purchase closing 4pm Thursday, 22nd June 2023.

Key Features:
- 1.37* Ha total site size
- 2,000m²* total built area
- Recently renewed 5 year lease to Build Safe

Other Features:
- Rental Income: $273,021.48 Net + GST + Outgoings Per Annum
- 5 year lease to Build Safe: $219,021.48 Net + GST Per Annum
- Periodical lease to Kennedy's Timber: $54,000 Net + GST Per Annum
- Outgoings 100% Payable by Tenants (including land tax)
- Scarcely available Restrictive Industry Zoning - allowing High & Medium Impact Users
- Additional 4,500m²* overflow land for development**
- Close Proximity to the Bruce Highway and Boundary Road

For Sale via Offers to Purchase closing 4pm Thursday 22nd June 2023

*approx
** Subject to Council Approval

For further information or to arrange an inspection, please contact the Exclusive Agent Grant Brix from Quartz Corp.

Brix Realty Pty Ltd ACN 662 868 359 trading as Quartz Corp (“we, us”) make no representation or warranty as to the accuracy, reliability or completeness of the information relating to the property. The information is general information only and any examples given are for illustrative purposes.

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