Two tenancies on two titles

A TENANTED modern warehouse on a prominent corner position in the popular Warana industrial estate is being offered for sale via auction through Ray White Commercial Caloundra.

The property that is home to Solas Propellers at 3 & 4/1 Premier Circuit, Warana, is being marketed by Ray White Commercial Caloundra's Luca Reynolds.

Mr Reynolds said Solas Propellers lease the two tenancies on two titles with the warehouse/office facility offering a net lettable area of approximately 1120sq m.

"This is a tremendous opportunity to secure a modern and tidy warehouse with a strong tenant who has been operating from this location for 10 years and in business for more than 30 years," he said.

"Solas Propellers is on a 3 x 3 x 3 year lease and the property is returning net rental income of $103,250 per annum."

Mr Reynolds said the property is located on the corner of Main Drive and Premier Circuit, with easy access to Kawana Way.

"Premier Circuit is close to the new Sunshine Coast University Hospital which will become a significant health precinct on completion this year," he said.

"The health precinct is said to generate billions of dollars of capital expenditure, also providing an increase in employment which will include approximately 4500 jobs for the medical professionals.

"It will also increase demand for residential, retail and commercial users and this will give a lot of focus to Premier Circuit as it is close to the health precinct."

The property will be auctioned at 11am (AEST) on Wednesday, March 29, 2017, at The Events Centre, 20 Minchinton Street, Caloundra.

IDEAL POSITION: A modern warehouse at 3 & 4/1 Premier Circuit, Warana, is being taken to auction this month by Luca Reynolds of Ray White Caloundra.
IDEAL POSITION: A modern warehouse at 3 & 4/1 Premier Circuit, Warana, is being taken to auction this month by Luca Reynolds of Ray White Caloundra.

WARANA

3 and 4/1 Premier Circuit

What: Tenanted modern warehouse on a prominent corner position

Features: Two tenancies on two titles with the warehouse/office facility offering a net lettable area of about 1120sq m

Price: Auction in rooms at 11am (AEST) on Wednesday, March 29, at The Events Centre, 20 Minchinton Street, Caloundra

Agent: Luca Reynolds at Ray White Commercial Caloundra

Contact: 0422 777 074



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