3-7 Enterprise Street Boyne Island, QLD

* A fully leased industrial building located at Boyne Island, approximately twenty-one (21) kilometres to the south of the CBD area of the city of Gladstone, one of the true powerhouse regional economies in the state of Queensland;
* The current tenant is T&C Services Pty Ltd, a wholly owned subsidiary of publicly listed company Programmed Maintenance Services Limited (ASX code PRG);
* Current net annual rental income of $180,000 plus GST;
* Current two-year lease term expires on 31 October, 2021, with the tenant holding a further two-year option;
* The nature of the business conducted by the tenant has been ongoing for the past twenty-five (25) years at this location across a number of different ownership structures. The Boyne Island location is a strategic one, being close to their key customer;
* Total land size of 7,302 square metres, spread across four separate titles;
* The property consists of four freestanding buildings (one with an office component), coupled with generous hardstand areas. Total estimated under roof component is 1,910 square metres;
* Properties similar to this, with this sort of return on offer, are as rare as they come;
* Double digit returns on offer;

PRICE: Offers to Purchase
BUILDING AREA: 1,910 sqm (approx)
LAND AREA: 7,302 sqm