A 10-meter high span building with office space, located on a 3,156sqm site on the Sunshine Coast, is being offered for sale fully leased.

Savills Australia's Scott Gardiner and Jason O’Meara are managing the sale via Expressions of Interest closing 4pm on Thursday, June 27.

With a net lettable area of approximately 2,556 square metres, engineering company Heka Diprose Pty Ltd currently occupy Unit 1, 49 Enterprise Street, and are secured on a five-year lease with a further four five year options. 

At a glance:

• A 10-meter high span building with office space in Kunda Park, Sunshine Coast is being offered for sale fully leased.
• Savills Scott Gardiner and Jason O’Meara are managing the sale via Expressions of Interest closing 4pm Thursday 27 June 2019.
• The current net rental is $240,000 per annum, subject to annual rental increases of 3% with adjusted as at 1 August to $247,200 per annum.

Mr Gardiner said the property ticked many boxes for the current tenant, and expected Heka Group to stay on a long-term lease. 

“This is a superb industrial investment opportunity zoned medium impact industry in the heart of the well-established Kunda Park Enterprise Estate," he said. 

“Properties of this size, scale and positioning on a solid lease rarely come to the market." 

The current net rental is $240,000 per annum, subject to annual rental increases of 3 per cent with adjusted as at 1 August to $247,200 per annum.

The property was built in 2004 with industrial warehousing and office space across two levels, plus has car-parking accommodation for 26 vehicles. 

Mr O’Meara said Kunda Park was a highly sought after location for investors and tenants, given its strategic location just west of the Bruce Highway and ease of access to key road links such as Maroochydore Road.

“With the Coalition’s win at the recent federal election in May, together with a mooted cut of a possible 25 basis points to interest rates by the RBA, now presents an excellent time to invest in industrial and commercial real estate, particularly assets of this nature,” he said. 

Improvements to the property include two 10 tonne cranes, large oven, spray booth, and a sandblasting room, plus strengthened mezzanine floor. 

Neighbouring tenants include Toll, One Steel, Kelly Green Crane Hire, Stoddart Group, and Country Chef. 

The property is for sale by Expressions of Interest closing 4pm Thursday 27 June 2019.

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