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It's home to 10 tenancies

AN industrial building in a strategic Nambour commercial/industrial hub that has been in the same ownership for more than a decade has come onto the market.

The 1.79ha property at 13 Windsor Rd, features a building with 4063sq m of lettable area. It is home to 10 local businesses across eight tenancies generating a significant net rental income of $317,095 per annum for the owner.

It is in the only parcel of Medium Impact Industrial land within the Nambour Local Plan Area. Accordingly, this is a property with plenty of scope for future development not possible elsewhere this close to the CBD.

The property is being offered for sale by expressions of interest, closing Thursday, March 15, with Michael Shadforth from Ray White Commercial and Blair Burr of Define Property.

The eight tenants are predominantly local businesses serving the wider local community.

Their commercial activities range from sheet metal work and light engineering through to motor vehicle repair/servicing and training. Many have been residents in the complex for a number of years.

The three main buildings in this complex have been constructed between 1981 and 1996 using a range of materials including Colorbond steel and concrete tilt-slab. They are in good repair and cost effective to maintain.

This is a property that will increase in importance and appeal as the Nambour story continues to develop and unfold.

It's well positioned and large enough to enable some interesting developments while also presenting opportunities to easily increase income in the near term.

There's great exposure for the property to busy Windsor Road, which will undoubtedly get busier when planned developments are completed and the road is pushed through to the existing other end of Windsor Road, ultimately connecting with Mapleton Road.

NAMBOUR

13 Windsor Road

What: Industrial building with 4063sq m nett lettable area on 1.79ha

Features: Zoned Medium Impact industry, mix of eight local tenants, plenty of off-street parking. Net rental income $317,095.03 per annum

Price: Expressions of interest closing Thursday, March 15, at 4pm

Agent: Michael Shadforth at Ray White Commercial and Blair Burr at Define Property Agents

Contact: 0488 981 076, 0447 196 598



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