50-52 Neumann Road Capalaba, QLD 4157

Ray White Commercial Bayside is pleased to present 52 Neumann Road, Capalaba to the market for sale By Expressions of Interest, closing 16th December 2021. Offered for sale for the first time since being built, this freestanding industrial warehouse building provides an exceptional opportunity for an owner-occupier or investor to secure a foothold in Capalaba's thriving Industrial Estate. Situated off Redland Bay Road, which is one of Brisbane's most sought after retail showroom precincts, this strategically located asset gives itself the benefit of being surrounded by both national brands and strong local businesses.

With two of the three tenancies leased, this gives an opportunity for an investor to add to their portfolio, or an owner-occupier looking to relocate their business while enjoying passive income from two good quality tenants. With limited industrial stock available to buy or lease, in almost every price & size range in South East Queensland, this rare investment is one not to be missed.

Key features include:

• 1,384sqm* of NLA on 2,122sqm* Low Impact Industry zoned site
• Freestanding building of concrete tilt slab construction with attractive and modern design
• Currently configured into three (3) separate units (Unit 3 currently on market for lease)
• Front boundary security fencing
• Dual driveway access points to Neumann Road
• Each unit includes self-contained amenities, electric roller and pedestrian door access, and load-bearing mezzanine offices
• Current net income of $116,815.31 + outgoings & GST per annum
• Unit 3 asking rental - $55,000 + outgoings & GST per annum
• Potential net rental when fully leased - $171,815.31 + Outgoings & GST per annum

FOR SALE BY EXPRESSIONS OF INTEREST

This property is being sold by auction or without a price and therefore a price guide cannot be provided.

*Approximately