25 - 27 Stony Rise Road, Quoiba provides an opportunity to purchase a fully leased office/workshop building, located in a popular industrial location within the Quoiba/Spreyton industrial precinct.  The property is fully leased to Coventry Group Ltd (ASX:CYG) on a 3 + 3 + 3 year lease from 1 May 2021.  

This new lease was entered into following the recent acquisition of ‘Fluid Power Services’ (FPS) by Coventry Group Ltd. The building provides a well established office and workshop facility of approximately 647 sqm on a high exposure corner allotment of approximately 1,468 sqm.  Rental from 1 May 2021 is $55,000 + GST and Outgoings.

The property is situated on a high profile corner site, approx. 4.6 km from the Devonport CBD. Other services and occupiers within the immediate area include Fairbrother, Booth Transport, Shipton Agricultural, Saddle World and Rapid Supply.

The property is offered for sale by Private Treaty at $775,000 + GST (if applicable). Please contact the listing agents for further information or to arrange an inspection.