SOLD - Narangba (North Lakes) - Caltex Foodary - 15 Year Lease

Cushman and Wakefield are pleased to present to the market 2 Steel Street, Narangba (North Lakes).

The property has the following key characteristics:

• New 15 year lease commenced 2018 to Caltex Australia Petroleum Ltd – A wholly owned subsidiary of Caltex Australia Limited, as ASX50 company with a market capitalization of $8.28 Billion
• Strategic corner site with large land area of 4,000 sqm
• Large street frontage to Boundary Road (63 metres) and Steel Street (51 metres) with dual street access and dedicated truck refueling canopy for the strong commercial traffic in the area
• Located in Narangba, part of the broader North Lakes Precinct, rated as one of the top 5 fastest growth catchments in Australia
• Brand new site built in 2018 offering excellent depreciation benefits to a new purchaser
• Favourable environmental provisions with site remediation the responsibility of Caltex
• Tenant pays all outgoings including Land Tax
• Commencing Net Rental $385,000 pa + GST

*Approx.

For further information please contact the agents at Cushman & Wakefield.