The subject property is an industrial warehouse.
Zoned ‘Industrial Precinct 8’ under the Nerang LAP, this property is constructed of tilt panel and has a net lettable area of the building of 513m²*, which is made up of:
• 293m²* warehouse
• 105m²* office showroom
• 115m²* mezzanine
• The ground floor is 398m²*
Sale price equates to $1,997.49* per m² on the ground floor.
Contract price was $795,000, no GST applicable.