Tenanted Industrial Unit Fronting Flinders Parade
Situated at the front of an eight-unit complex is this 275m* tilt slab unit fronting Flinders Parade. The unit is tenanted to North Lakes Flooring Solutions and returning $59,371.29* Per Annum Net + Outgoings + GST with three (3) years remaining on a five-year term. The property holds exceptional exposure to passing vehicles along Flinders Parade and visibility from Oxley Street. This is an opportunity to secure a premium industrial tenanted investment within one of North Brisbane's most tightly held precincts.
Key Features:
- 275m* Tilt Slab Industrial Unit
- Tenanted Investment Returning $59,372.29* PA Net + Outgoings + GST
- Five (5) Year Lease Commencing 12/09/2022
- One (1) x Five (5) Year Option with Market Review
- Zoning: Mixed Industry & Business (MIBA)
- Premium Unit with Exceptional Exposure to Flinders Parade & Oxley Street
- Close Proximity to the Bruce Highway, Diamond Jubilee Way, Costco, Bunnings & Westfield North Lakes
*Approximately
For further information or to arrange an inspection, please contact the Exclusive Agents from NAI Harcourts on the details below.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
The size of North Lakes is approximately 11.6 square kilometres. It has 54 parks covering nearly 18.8% of total area. The population of North Lakes in 2011 was 15,045 people. By 2016 the population was 21,670 showing a population growth of 44.0% in the area during that time. The predominant age group in North Lakes is 0-9 years. Households in North Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Lakes work in a professional occupation. In 2011, 61.9% of the homes in North Lakes were owner-occupied compared with 54.8% in 2016.
North Lakes has 9,125 properties. Over the last 5 years, Houses in North Lakes have seen a 83.75% increase in median value, while Units have seen a 77.90% increase. As at 31 October 2024:
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