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SOLD - Narangba (North Lakes) - Caltex Foodary - 15 Year Lease

2 Steel Street North Lakes QLD 4509

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Key Property Highlights

Building Area 680 sqm
Land Area 4000 sqm
Parking 23 on site parking available
Listing Status Sold

Cushman and Wakefield are pleased to present to the market 2 Steel Street, Narangba (North Lakes).

The property has the following key characteristics:

  • New 15 year lease commenced 2018 to Caltex Australia Petroleum Ltd – A wholly owned subsidiary of Caltex Australia Limited, as ASX50 company with a market capitalization of $8.28 Billion
  • Strategic corner site with large land area of 4,000 sqm
  • Large street frontage to Boundary Road (63 metres) and Steel Street (51 metres) with dual street access and dedicated truck refueling canopy for the strong commercial traffic in the area
  • Located in Narangba, part of the broader North Lakes Precinct, rated as one of the top 5 fastest growth catchments in Australia
  • Brand new site built in 2018 offering excellent depreciation benefits to a new purchaser
  • Favourable environmental provisions with site remediation the responsibility of Caltex
  • Tenant pays all outgoings including Land Tax
  • Commencing Net Rental $385,000 pa + GST

*Approx.

For further information please contact the agents at Cushman & Wakefield.

SOLD - Narangba (North Lakes) - Caltex Foodary - 15 Year Lease2 Steel StreetNorth Lakes, QLD 4509
2 Steel Street North Lakes QLD 4509