Newspaper article Fraser Coast Chronicle (Hervey Bay, Australia)

Aviation Company Soars in with Offer

Newspaper article Fraser Coast Chronicle (Hervey Bay, Australia)

Aviation Company Soars in with Offer

Article excerpt

TWO large, professionally-designed industrial buildings in Stratford, north of Cairns, have been sold by Ray White Commercial for $1,550,000.

The properties at 15-17 Johnston St, Stratford, were sold to an overseas aviation company by Scott Green and Helen Crossley of Ray White Commercial Cairns on behalf of a private owner for a yield of 8.5%.

Mr Green said the buyer would operate from a portion of the space and lease the rest of the facility.

"The land area of the two lots is approximately 2024sqm and includes a net lettable building area of approximately 1230sqm and 16 car parks," he said.

"Building one is approximately 630sqm including a 100sqm mezzanine and is currently tenanted by Staging Connections and Zuel Ventures while building two is approximately 565sqm, leased to GJ Masters and Concept Design Group.

"This is a solid investment that returns gross rental of approximately $159,080 per annum plus GST."

Mr Green said each building comprised a ground-floor showroom, first-floor office or residential accommodation, and rear high-clearance warehouse. …

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