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Case Studies

1, 397 Nerang Road, Molendinar

Large freestanding factory near new, only 3 years old.

Extra height at 10m clearance.

Large heavy capacity gantry crane included.

Strata title part of industrial complex.

Concrete hardstand yard with steep driveway access.

Leased to a storage and logistics company.

The previous tenant broke the lease and the new tenant took over the old lease, therefore receiving significant incentives.

Previously rented at $168,000 pa plus GST plus Outgoings, therefore a significant drop in rent in line with today’s market.

Lease Analysis*
Method of Lease:Basic marketing
Marketing Time Frame:Three (3) months
Lease Date:November 2013
Enquiries:5
Inspections:3
Number of Offers1
Lease Price:$145,000 + GST p.a.
Incentives:5 months’ free rent
Outgoings:Paid by Lessor gross lease
Building:1,160m²*
Land:2,900m²*
Zoning:Industry 1

* approx

0
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