Kingston Tenanted Investment Opportunity
A fully tenanted industrial complex at Kingston, in Logan City south of Brisbane, is being offered for sale through Ray White Commercial Springwood.
The approximately 3,400 sqm facility at 207 Queens Road, Kingston, is being marketed by Ray White Commercial Springwood’s Jamie Davey on behalf of private owners.
Jamie Davey said the property is on a land area of approximately 12,500 sqm and zoned general industry.
“The complex is divided into nine tenancies and creates a great low risk investment opportunity for local and interstate investors alike,” he said.
“The fully tenanted asset is currently returning net rental of $283,321 per annum.”
Jamie Davey said the site is securely fenced and offers access and turning areas for large vehicles.
“The property is located within easy access to the M1 and Logan Motorways,” he said.
“The facility was purpose built for the owner in the early 90’s, and has been very well maintained since construction.”
The property, which can be sold with an adjoining block to provide 30,000 sqm of land, is being taken to auction on Friday, October 20, 2017.