22 Ereton Drive Arundel, QLD 4214

Sold for $1,150,000 on 15 Feb 2018
  • Building: 1,011m²

Sold By

  • Loading...
Industrial/Warehouse in Arundel

Freehold Multi Tenanted Investment - Position and Potential

  • Building: 1,011m²

Concrete tilt panel industrial complex, with plenty of potential- this property has the ability to generate a big yield!

  • Located just 400m to Harbour Town Outlet Shopping Centre
  • 8 Separate tenancies with a combined NLA of approx. 1011sqm
  • Freehold land parcel of 1500sqm
  • Concrete tilt panel construction, fully fenced
  • Comprising of stylish office, showroom areas and functional factory space
  • Current annual income of $102,544 with potential to $155,795 (When fully rented)

If you've been looking for a rock solid investment property with a high yield, this is the one you've been looking for- With a little bit of effort, you will be able to substantial improve the annual income.

The building was constructed circa 1991 and is in good condition. With a lick of paint and some other simple cosmetic improvements you could ad immediate value.

The property is located in the popular Arundel industrial estate, with close proximity to Harbour Town, Brisbane Road, and national retailers such as Bunnings, Petbarn, Sea Doo, Stratco and ARB to name just a few.

The owners have made a very clear decision and want the property sold immediately!

Contact the exclusive marketing agents, The Adam Young Team for more information or to arrange an inspection today.