15-21 Northridge Road, Mount Isa, Qld 4825

Secure Commercial Investment | Approx. 9.4% Net Return

Property Type: Commercial
Development Zone: Industrial

Positioned within a prime industrial precinct, 15–21 Northridge Road presents an outstanding opportunity to secure a substantial commercial asset with an established tenant, secure income stream and long-term lease in place.

Currently leased to Team Global Express, the lease has been varied to extend the current term through to 31 March 2029, with a further three x one-year options available thereafter.

Lease Summary

 

   -  Lease Commencement: 1 April 2022

   -  Current Lease Expiry: 31 March 2029

   -  Further Terms: 3 x 1-year options

   -  Market Rent Review: 1 April 2029

   -  Fixed Rent Reviews: 3.5%, in accordance with the lease

A Versatile Industrial Facility

Northridge Road offers an impressive combination of office accommodation, workshops, storage facilities, staff amenities and operational infrastructure, making it ideally suited to a broad range of commercial, industrial and operational businesses.

The expansive, air-conditioned office space features multiple offices and work areas, providing a comfortable and practical environment for administration and staff. Staff amenities include male, female and accessible bathrooms, a dedicated first-aid room, overnight accommodation, and a separate kitchenette.

For operational requirements, the property features a huge workshop/shed, multiple additional workshop and work areas, donga buildings, office spaces and extensive storage facilities.

The large igloo and container dome storage areas provide valuable additional capacity for equipment, machinery, materials and stock. Further enhancing the property's functionality are fuel tank facilities and a dedicated wash bay, catering to businesses requiring vehicle, machinery or equipment servicing and maintenance.

A Strong Investment Proposition

With substantial improvements, a secure site, established tenancy and a versatile mix of office, workshop, storage and operational facilities, 15–21 Northridge Road represents a rare opportunity to acquire a significant industrial asset with an attractive existing income stream and further lease options.

Whether you're seeking a secure commercial investment or a substantial operational facility, this property deserves your inspection.

For further information or to arrange an inspection, contact City & Country Realty TODAY:

Property Code: 6058