Cleveland Warehouse Facility Sold for $1.63 Million
A freestanding industrial warehouse facility at Cleveland on Brisbane’s bayside has been sold by Ray White Commercial for $1.63 million.
The property at 53 Enterprise Street, Cleveland, was sold to a local owner-occupier by Ray White Commercial Bayside’s Jonathon Burrowes on behalf of a local investor.
Jonathon Burrowes said the property was sold as a vacant possession but had until recently been leased by the Queensland Ambulance Service.
“This is modern, freestanding warehouse building of approximately 1,526 sqm on a substantial site of approximately 3,041 sqm,” he said.
“The building offers 1,108 sqm of factory floor, 114 sqm of load bearing mezzanine, 196 sqm of office space over two levels and an attached 108 sqm secured, lock up storage building.
“It’s zoned ‘heavy industrial’ and includes extensive 3 phase power, compressed air lines throughout, multiple roller doors and staff amenities as well as plenty of on-site parking.”
Conducting routine on-site inspections of commercial buildings is always a good idea. It provides an opportunity to promote positive communication between landlord and tenant, and to see how the property is being maintained. Equally important, it’s an opportunity to identify any areas of general deterioration that would benefit from proactive … Read more
The Australian Taxation Office (ATO) has released key focus areas for 2021/22 including: Record keeping Property income and deductions Capital gains from crypto assets, property sales, and shares Commercial property owners could benefit from taking a few simple steps. Record Keeping Having organised income and deduction records will make for … Read more