302 Spence St CAIRNS (BUNGALOW) (BRNSW)

Renewed 10 year lease to April 2025. Australia's dominant food distribution business. Subsidiary of global listed giant (circa $3.5 billion turnover). Purpose-built cold storage facility with major tenant fitout. Modern 873 sqm building built circa 2003. Large land area of 4,702 sqm, long term potential for future redevelopment. Strategic location close to Bruce Highway. Valuable depreciation benefits available. Easily managed single tenant investment. Tenant pays all outgoings including management fees, as per lease. Annual CPI rent reviews. Net Income: $128,899 pa + GST.