37 Mary Street Kingston, QLD 4114
37 Mary Street Kingston, QLD 4114

37 Mary Street Kingston, QLD

Sold on 25 Sep 2013

Property Type Industrial & Logistics
Asking Price Sold
Floor Area 1,040 m²
Land Area 3,097 m²

9% + Net Return

Description:
* A new 3 year lease to D and R Pipe - As subsidiary of A Real Australian Company. This company has over 1300 employees and turns over in excess of $300 million p.a.
* 1040m2 building on 3097m2 site - only 34% site coverage
* Tenant pays only $78/m2 net ($82,000p.a.) so there is room for growth
* 3 year lease started in Feb 2013 at 9% net return this represents $910,000. This is only $875/m2 across the building area - well below replacement costs.
* Next to Kingston Train Station and close to The Logan Motorway

THIS WON'T LAST LONG. CALL NOW

Location:
The Kingston Business Area is essentially an industrial estate; however the precinct incorporates education as well as leisure and entertainment facilities. Businesses in the area include:
* Grocery and Liquor distribution facility
* Door manufacturer
* Metal industry
* A Tourist Park
* Engineering The precinct is ideally placed from a logistics point of view. The precinct offers immediate access to major arterial roads to the North, South and West via the Logan Motorway. The precinct is easily accessible via public transport, located within a close proximity to both rail and bus linkages. The areas key strengths include:
* Affordable and sizable available land
* Immediate access to major arterial roads to the North, South & West.
* Local amenities including parks, sporting facilities and education facilities within the estate.


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