Knight Frank is pleased to offer for sale a well-positioned workshop facility with significant display yard located at 3 Stony Rise, Quoiba.

This is a unique property is in an outstanding Devonport industrial location with strong road linkages to the Bass Highway and the Port of Devonport. The site offers significant frontage and exposure to Stony Rise Road on a large site of approximately 3,768sqm. The overall industrial complex has a gross building area of approximately 408.5 sqm.

Externally, the site benefits from a sealed gravel yard, workshop, office, concrete apron and cyclone wire mesh secuirity security fencing.

The Property is offered for sale subject to a lease a 5+5 year term from 1 March 2017. Current gross rental is $67,600 (gross) + GST, with annual 4.00% rent reviews, with the next due 1 March 2019. It is estimated that the current passing net income is $54,729.84 (approx.).

The property is ideal for investors seeking a fully leased main road industrial facility which comprises open plan storage space, good clearance and access on an ample site suitable for future land banking and development (STCA).

3 Stony Rise Road, Quoiba is being offered for sale at $685,000+ GST (if applicable).