A high-end industrial investment has hit the market in Kunda Park, with the 10 metre high span building with exceptional office space offered for sale fully leased.
A high-end industrial investment has hit the market in Kunda Park, with the 10 metre high span building with exceptional office space offered for sale fully leased.
With a net lettable area of approximately 2,556sq m, Heka Diprose Pty Ltd currently occupy Unit 1, 49 Enterprise Street, and are secured on a five year lease with a further four x five year options.
The building, located on a total 3,156sq m site, is one of the larger scale industrial facilities on the Sunshine Coast, and is being offered for sale by Scott Gardiner and Jason O’Meara of Savills.
Heka Group are one of the largest engineering companies on the Sunshine Coast, delivering modern and creative solutions when it comes to steel and metal fabrication.
Director of Savills, Scott Gardiner, said the property ticks many boxes for the current tenant, so expects Heka Group will 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,
“Properties of this size, scale and positioning on a solid lease rarely come to the market,” Mr Gardiner said.
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.
The property was built in 2004 with high end industrial warehousing and exceptional office space across two levels, plus has car parking accommodation for 26 vehicles.
Director of Savills, Jason O’Meara, said Kunda Park is 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,” Mr O’Meara said.
Improvements to the property include two x ten tonne cranes, large oven, spray booth, and a sand blasting 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.
Learn more about Savills Industrial & Logistics services.