An opportunity to acquire a fully leased and functional freestanding industrial investment within one of the strongest growing regions in Australia is available through Savills Sunshine Coast.
The offering is situated across two lots known as 7 Harvest Road and 25 Machinery Road, Yandina and is situated in the well-established “Yandina Enterprise Industrial Park” positioned only minutes from the Bruce Highway – Yandina Coolum Road intersection, being 20* minutes from Maroochydore and just over 1* hour drive down to Brisbane Airport.
For sale through Scott Gardiner and Jason O’Meara of Savills Sunshine Coast, the entire property comprises of three warehouses and office buildings totalling 4,502sq m* with a total land area of 10,393sq m*.
Boasting prominent street frontages of 30m* along Harvest Road: 30m* and 71m* along Machinery Road, the entire property is fully leased to Nutri-Tech Solutions (NTS) who have just taken up their five year option which takes them through to 30th September 2025 (plus a further 5 year option to 2029). The current net rental is $429,959* per annum (as at 1 October 2020).
Nutri-Tech Solutions have been operating for 25+ years and are an Australian agricultural company which distribute products internationally to over 50 countries.
According to Scott Gardiner, State Director at Savills Sunshine Coast, “The property ticks a lot of boxes for long term passive investors with a long standing and strong business.
“It is in a prime location with exposure to the Bruce Highway and with strong growth and a region that is on the up when it comes to population growth and the local economy,” he said.
The agricultural industry is a strong performing sector through COVID and provides some assurance of continuity.
“Properties of this size, scale and positioning on a solid new 5 year lease terms rarely come to the market,” Mr O’Meara said.
With interest rates at an all-time low now presents an excellent time to invest in industrial real estate.
The property is situated within the well-established Yandina Enterprise Street Estate and is approximately 15 minutes north of Maroochydore CBD and approximately 30 minutes south of Noosa Heads CBD. Travel time from Port of Brisbane is approximately 1 hour and 20 minutes.
Yandina is home to several major businesses, such as The Ginger Factory, a local tourism icon; Nutworks, and local suppliers to the building industry, such as Rockcote and Cordwells concrete, JJ Richards & Sons, BFX Furniture and many others.
Jason O'Meara, Director at Savills Sunshine Coast said “Yandina has emerged as a base for large distribution facilities, due to the precinct’s proximity to The Bruce highway (M1), and also as a base for large manufacturing facilities”.
The property is offered For Sale by Offers to Purchase closing 4pm (AEST) Wednesday 5 August 2020.
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