Barolin Tower Commercial Property Sale
Type: FOR SALE
- Category :
- Land Area:400 Square Metres
- Building Area: 1700
Bundaberg CBD - Commercial Investment
This attractive Multi Story, Inner City, Landmark Commercial Office Building is offered for sale at an attractive rate of return. The property is very well located in the Central Business District of Bundaberg City being in close proximity to the CBD, Post Office, Courthouse and Banks.
The building is in a flood free location with northerly views over the Burnett River and high exposure to Quay St, a major city thoroughfare.These natural assets together with its amenity to the CBD and ample street parking ensure a high occupancy rate. The building locally known as the WIN TOWER is currently tenanted by a number of long term, Corporate Tenants such as WIN TV with a new Seven Year Lease and 5 year option and Legal Aid Queensland with a new Six Year Lease and two 6 year Options. Other quality tenants with good long leases include the Aboriginal and Torres Straight Islander Legal Aid Service, Fisher Dore solicitors and Parliamentary Services. The Local Member has held an office in the building for many years and it has been home to many MP's over the years. The building has 15 offices and is home to no less than Five Solicitors firms and a Barrister.
The overall condition of the building is excellent with some major upgrades taking place over the last couple of years. The Lift has just had a new motor, controller and car modernisation implemented. The entirety of the third floor occupied by Legal Aid Queensland has undergone a complete refit and is serviced by a new tenancy specific air conditioning system. The first floor tenancies have all had new split system air conditioners installed in the last 12 months. Floors One and Two are supplied by a main system that has had a new compressor and evaporator installed only a few years ago.There is only one small vacancy in the building at present and this will be filled very soon.Rare opportunity to buy a quality, blue chip commercial property at a net return on investment of 8.75% Contact: David Radonich on 07-41544178 for more details or see: ***