Long WALE High Quality Investment Opportunity

Modus Property Group is pleased to be exclusively representing 140 Toongarra Road, Wulkuraka QLD.

The opportunity comprises a purpose-built food processing and pet food production facility underpinned by a long-term lease extension to Game Meat Processing, a wholly owned subsidiary of The Real pet Food Group.

Wulkuraka is located only 12 minutes from Ipswich CBD and within proximity to major infrastructure. This location is well positioned for access to raw product and labour, and efficiently services their national distribution network.

Key investment features:

– 6,350sqm* of GFA across 4 buildings
– 24,300sqm* corner site with 330m of street frontage
– Net annual income of $932,799* + GST equating to $146.89/sqm*
– Recently extended 20-year lease term (break clause at 2032)
– Fixed 3.5% annual review structure
– Low site cover of only 26%, providing scope for future expansion
– Significant recent capital expenditure completed by tenant
– Opportunity to purchase for well-below replacement value

For sale via Expressions of Interest closing Thursday 15th August 2024 at 4pm.

Please contact the Exclusive Agents at Modus Property Group for more details.

*Approx.