Trade site proving popular
A WELL-POSITIONED freehold industrial allotment, suitable for small-to-medium-size trade businesses, was only recently put on the market and is already receiving interest.
The warehouse at 97-99 Buchan St, Portsmith sits on a 1058sqm block, which includes a 550sqm warehouse, 100sqm office space and an additional 40sqm open wash bay at the rear of the property.
The site previously belonged to aluminium supplier Norweld for three years and is now set for a fresh coat of paint and refurbishment.
The property is listed with Knight Frank Cairns and agent Matt Carless said the site would be suitable for electricians, cabinet makers, mechanics or similar trades to purchase as an owner-occupier.
“It’s promising for investors too, they can be looking at about an 8 per cent return here,” Mr Carless said.
“Warehouses like this are definitely in high demand around Cairns and this does have an appeal because of its location.
“Everyone wants to be in a 400 to 600sqm building and it’s only 2km to the CBD and 500m from the Southern Access Rd.
“Norweld were using it as some storage space, but they’ve moved out.
“What people are looking for is generally an 80-20 split between warehouse space and office space, and this property has that.
“We have continued to have a lot of success in the industrial
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“John (Lynch) and I have recently sold 98 Buchan Street, directly opposite this site.
“We took that property to auction in November last year and had about six registered bidders, selling it under the hammer that day to an owneroccupier who has refurbished the building.
“We also sold the last available lot at Woree Business and
Industry Park at auction, so interest in that sector remains strong.”
This well-presented, block construction property also includes 6m-wide driveway access and is available to be occupied next month.
Interested parties should contact Knight Frank’s Mr Carless at 0418 771 340 or Mr Lynch at 0407 964 013 to arrange an inspection or for more details.