Multi Tenanted Industrial Freehold Property


8 Welch Street

Underwood QLD 4119




Clem Aynsley of Ray White Industrial M1 North, is proud to present on behalf of the sellers, 8 Welch St Underwood Qld, to be sold at "The Event Auction 2022" on 23rd January at RACV Royal Pines, Benowa on the Gold Coast.

This freehold fully leased multi-tenanted warehouse and office building of 700.5m2*, is situated on 1,510m2* of "Mixed Use" commercial-zoned land in the popular commercial and industrial area of Underwood, behind the Logan Aquatic Centre and very close to M1 Pacific Motorway.

Key features of the property are a follows.

* The building is divided into five units of various sizes and configurations, leased to four different tenants
* The tenants pay a net rent of $103,083.60 + Outgoings + GST per year as of 1st March 2022
* Three units have air-conditioned warehouse and air-conditioned office areas
* Each with their own kitchenette plus male and female amenities
* Each warehouse unit is 135.5m2* and has a roller door, various sized warehouse area, and office area
* There is 264m2* of air-conditioned office areas leased across units 4 & 5 over two levels to one long term tenant
* There is also 30m2* of area as an entry foyer with an adjoining kitchenette area plus male and female amenities on the ground floor for the office only tenant
* There is also a 6m* x 3.8m* lockable metal-clad storage shed at the back corner (not counted in the lettable area)
* 24 car parks shared across the four tenants including 2 visitor car parks
* All situated within a fully fenced and gated property with minimal garden areas to maintain
* Brick and concrete block walls as construction of external and dividing walls
* Insulated metal clad roofing across the various tenancies
* The property is situated well above any previously recorded flood levels for the area
* The property has been well maintained by the long term owners of this property
* This property would suit an astute investor or an eventual owner-occupier for some or all of the property
* Call Exclusive agent Clem Aynsley to inspect the property or to obtain an Information Memorandum

Please contact the listing agent for more details by clicking on the link above.

Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers/lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices, or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.