Auction on Wednesday 14 September 2022 11am via online portal Realtair
Positioned in the Sandgate industrial precinct, the property offers a freestanding tenanted industrial investment returning a net income of $133,966.10* per annum plus GST. The property is leased to Konecranes, a publicly listed world leading group of lifting businesses who service a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes are currently on a three year lease due to expire on 29 February 2024 with a further two year option.
Situated on a 2,698sqm* site, the property comprises of a highly functional high clearance industrial workshop with a 10 tonne overhead crane, partitioned offices and wash bay totalling 832sqm*. The site also benefits from dual access and a concrete hardstand area at the rear of the property.
- Currently returning $133,966.10 net per annum + GST
- Leased to Konecranes Pty Ltd
- Lease term 3 years plus 2 year option
*Approximately
The size of Sandgate is approximately 3.0 square kilometres. It has 5 parks covering nearly 46.5% of total area. The population of Sandgate in 2016 was 305 people. By 2021 the population was 276 showing a population decline of 9.5% in the area during that time. The predominant age group in Sandgate is 80-89 years. Households in Sandgate are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Sandgate work in a trades occupation.In 2021, 42.60% of the homes in Sandgate were owner-occupied compared with 44.50% in 2016.
Sandgate has 316 properties. Over the last 5 years, Houses in Sandgate have seen a 76.94% increase in median value. As at 31 January 2026:
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